Seriously. These low interest rates are just a patch. Sooner or later they are going to have to raise rates to combat inflation.

I love that a Government trillions of dollars in debt wants to pull money out of thin air to "stimulate" the economy. Most people are going to need the check to pay their credit card bills. My little FU to them is to shove it directly in savings.

Easy money and spending is what got us into this problem. We need to focus more on our low savings rates and national debt.

 

Ditto.

 

Yeah I agree, but I think the bay area is still a bubble of its own and Im not sure if it will follow traditional trends. I think there is a dire need to return to normalcy (thats what I like to think of it, its not a crash because it was highly and artificially inflated in the first place), but im not sure if its doing to dip that low

Ill just be happy if I can get into a nice 4 bedroom single family home for 500k or so. No need for a 450k "starter" home lol

 

My take is that this whole stimulus package is just so the government can save face and show they are trying to "do something". Well, its a little too late now. The housing market is F'd and IMO there is nothing we can do except get the people out of the house they cant afford and roll with the punches of a recession.

 

The big hurt on the Bay Area is going to be a loss of educated workers. The number of college graduates leaving the state has to be huge. A quick price correction would be best for the state in the long term.

 

yeah what they should have done was step in before the "boom" because it was complete bull**** to begin with. The only ones that made out was the real estate industry at the expense of undereducated buyers and investors looking to get rich quick

I want to slap them all in the face when they ***** and moan how the industry is bad. GUESS WHAT DIP****, YOU AND YOUR CO-WORKERS ARE THE SOLE REASON

The next person to slap are all the ppl who really thought they could afford homes that were 5-12x their yearly salary. I mean seriously, when did we all decide to abandon traditional economic practices of living within your means

 

Do you read HousingPanic?

 

When they saw MTV Cribs.

 

lol yeah, im sick of average joes talking about housings prices so casually. "yeah, im in the market, im not looking to spend over 1.2"

The concept of how much money that is for a such a small house is completely ****ed in the bay area, I dont know what they put in the weed, but man, something went terribly wrong in the past decade

 

No, is that a blog? I usually read WSJ, FatWallet and Herb Greenberg on Marketwatch.com

 

Yep, its a blog. I wouldnt say I agree with everything the guy writes, but he gives the facts and dosent hold back.

 

Back on topic. I would probably keep most of it in FDIC insured CD's and max out IRA and ROTH IRA contributions. Id use a little bit to invest but Im not into risky products (regardless of the bigger return).

Id also buy a bunch of guns, ammo, safe (for cash and gold) and food supply to be prepared for when the world ends