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  • On 22 Mar 2013 in Will prices go down in SF Bay Area?, Mick Russom said:

    bg says

    I wasn't comfortable buying in California in 2005 and I am not now either.

    I totally agree with you. My spider sense is tingling.

    The reasons to be here and to live here are long gone. Its a low quality of life wage slave state now.

  • On 22 Mar 2013 in Will prices go down in SF Bay Area?, Mick Russom said:

    myob says

    Inflation doesn't work that way. Generally, incomes trail inflation, so over time, your purchasing power drops.

    Ask anyone living off of earned income with real expenses who pay most of the taxes and do all of the work and they know this to be true.

    Roberto Aribas thinks we are built to serve him, however, because he can borrow masses of taxpayer funded 0% money and get-rich-quick matthew lesko style by doing nothing. Doing nothing is what awesome economies are built on, Roberto knows this, he teaches and preaches it.

  • On 22 Mar 2013 in Buy-to-rent party over?, Mick Russom said:

    CDon says

    no matter how implausible

    Rome stuck to their guns until the end of the empire when Diocletian inflated the currency to try and fix the empire's lack of profitable expansion. The rest is history. You cant solve a debt bubble with more debt. Just keynesian-feb bubbles go in cycles but at some point the rails come off. This is just monopoly with real people's lives in the balance.

  • On 22 Mar 2013 in What Could Cause Interest Rates to Rise?, Mick Russom said:

    False low interest rates are probably here to stay. Inflation will be in fundamental cost of living, food , transportation, tuition, health care, etc. The standard of living will drop as long as the rates stay low. Monetize the debt.

  • On 19 Mar 2013 in Video: California exodus will get worse, Mick Russom said:

    This state (CA) sucks, the jobs are decent but dont pay a living wage for $1M moldy asbestosy Popsicle stick shacks with crap school districts and terrible stupid zoning and increasing traffic and Marissa Mayer saying we all have to be physically at work like good little soldiers. Anyone coming here is insane. Id rather be poor and spend more time with family than keep doing this black hole suburb of Shanghai Rat Race.

    Central Valley stinks, Los Angeles is hell on earth, and San Diego only has jobs in defense and healthcare, otherwise its a very tight market.

    The state is a bad proposition, and SFBA is a low standard of living. Very low. Good weather, decent jobs, but bad living.

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