How bad will it have to get?
The Islamists hated us before and after Iraq bottom line no matter what we do they will still always hate us. They hate our Britney, Paris, our culture as a whole. 9/11 was a unprovoked attack. after the attack i was all for the war and still am but the problem is how its been managed. Our government officials must be held accountable for their actions and face consequences like anyone else who ****s up at a job.
at your ignorance
No offense dude you seem like a smart guy and to know your stuff. But if you think housing prices will drop 40% in the bay area you are tripping. We could make a wager if you want. (I must say if we get into a massive war or start getting attacked on our soil, or there is a nuclear war housing prices could drop that much)
I got some for ya; simple math.
So currently you are saying a 800k house in say lafayette/walnut creek is going to be 500k or less????never going to happen dude. Housing in bay area will never fall below what it was 10 years ago. Bay area aint growing any new land.
I got some for ya; simple math.
So currently you are saying a 800k house in say lafayette/walnut creek is going to be 500k or less????never going to happen dude. Housing in bay area will never fall below what it was 10 years ago. Bay area aint growing any new land.
Also have to take into account prices are set by those who can afford it, most can no longer afford those prices, so therefore a lack of buyers dictacts a drop in prices (supply/demand). so 40% is unlikely, but NOT impossible. only time will tell.
Registered User
iTrader: (11)
Joined: Mar 2006
Posts: 1,075
From: San Francisco
Car Info: 05 WRB STi
also another reason why housing in the bayarea is so much is that.. i dont have exact numbers but tons i mean the majority of high tech companies are based in the silicon valley. silicon valley leads the country in high tech companies and those companies pay top dollar hands down
Given historical data, incomes either need to triple or housing needs to have a massive drop. What do you think is more likely?
Nothing has changed here. Housing has always been in high demand, but is has now gotten way out of control. It was easy access to money and speculation that created the bubble in the market.
Please read those links, they explain everything in plain english.
Last edited by Ipecac; Mar 7, 2008 at 05:48 PM.
Registered User
iTrader: (11)
Joined: Mar 2006
Posts: 1,075
From: San Francisco
Car Info: 05 WRB STi
No prob man. I use to think the same way about housing in the Bay Area. As I began to accumulate wealth I researched and realized there is no way we can sustain these home prices. It is so far beyond just expensive and into down right absurd.
Registered User
Joined: Mar 2008
Posts: 8
From: the capitol of TEXAS
Car Info: 03 WRX
I was talking about housing in this area with my girlfriend this week, and I came to the conclusion that it will be virtually impossible for me/us to buy a house in this area.
Say a million dollar house, I believe you have to put down a 1/4 right? 250k? (granted i know you can get a house for less than that)
Semi-off topic.
Correct me if I'm misinformed.
As per the topic, I only feel lucky to live in America because of the freedoms we all take advantage of. I think it is sad I don't find myself patriotic, maybe because we get so many false impressions (and blatant lies) from our government and media, but I have little to no faith in our democratic society
Say a million dollar house, I believe you have to put down a 1/4 right? 250k? (granted i know you can get a house for less than that)
Semi-off topic.
Correct me if I'm misinformed.
As per the topic, I only feel lucky to live in America because of the freedoms we all take advantage of. I think it is sad I don't find myself patriotic, maybe because we get so many false impressions (and blatant lies) from our government and media, but I have little to no faith in our democratic society
and i understand cali is being hit very hard now, but the truth is that there is no such thing as a house being appraised at a certain price, bc the truth is what a buyer will pay is what the house is worth,
so yall hold out and stick to ya guns
Last edited by wrx'd; Apr 1, 2008 at 09:05 PM.
Registered User
iTrader: (5)
Joined: Jan 2008
Posts: 376
From: bay area, Ca
Car Info: 07 Sti aka Subrina!
Finally guys! the much needed relief at the pump oil just under $100. what a huge sigh of relief. I havent heard anyone aknowledge prices have dropped is anyone else sharing my sigh of relief?
Registered User
iTrader: (5)
Joined: Jan 2008
Posts: 376
From: bay area, Ca
Car Info: 07 Sti aka Subrina!
in my everyday life every cent I save is money gained, money i could use elsewere. im paying almost a dollar less a gallon compared to a few months ago. what would you call it? whenever issues come up you hear alot complaining but when things get better people still complain. whats wrong with this picture..
in my everyday life every cent I save is money gained, money i could use elsewere. im paying almost a dollar less a gallon compared to a few months ago. what would you call it? whenever issues come up you hear alot complaining but when things get better people still complain. whats wrong with this picture..
having crude go down to 90 something a barrel is still way too inflated.
Make oil commodity trading private/industry again and also work on making the dollar strong again, and you'll see oil crude prices around 40-60 / barrel...
now you're talking...
Thread
Thread Starter
Forum
Replies
Last Post
96Imprez
Engine/Power - non turbo (All non turbo Imprezas)
1
Mar 5, 2008 08:31 AM