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bg


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49 threads
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Pacifica, CA
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Registered Aug 25, 2010

bg's most recent comments:

  • On 16 Aug 2014 in Rising Inventory & Low Rates Hasn't Created More Housing Demand, bg said:

    Blurtman says

    No, I am not directing this to you. Conditions for the middle class will not improve until they fight to improve their situation. I think what is going on is causing folks to become more educated about the power that banks hold over their lives, the influence they exert over the government, and the amount of crime they get away with and the two-tiered justice system in place in the USA.

    It is scary that people aren't more alarmed about the financial and political power of the small number of people and institutions that have large amounts of money.

  • On 16 Aug 2014 in Rising Inventory & Low Rates Hasn't Created More Housing Demand, bg said:

    Logan Mohtashami says

    So, it's a interesting long term thesis. However, we need the cycle to mature more to have better data on this to make that thesis that the Rich are going to buy 30%-40% of all homes

    I like how you are framing the question. It provides an index that can measure the problem. It isn't just the lack of wage growth, but also the rate of cash buyers in the market.

    I have heard people here say that it was pointless to wait for prices to go down, 1. because they won't, 2. if they did, the cash buyers would flood back in, 3. because by they time prices drop, they would just be dropping to something near current prices because of the inflation that would have taken place in the mean time.

    Logan Mohtashami says

    First time home buyers what is there issue

    -jobs

    - wages

    -student loan debt

    - holding off marriage ( Dual income very important to capacity)

    We are a family that makes good money (married with two careers), has good credit, have very minimal debt, and isn't interested in being enslaved in debt for an overpriced asset. For now we rent and watch.

  • On 16 Aug 2014 in Rising Inventory & Low Rates Hasn't Created More Housing Demand, bg said:

    Blurtman says

    You get what you fight for. Whining and hoping gets you zippo.

    Are you directing this at me? It seems to imply that you might be saying that I whine about things and don' t take action, but I thought I would double check that.

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