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Buyer pool drying up


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2007 May 8, 1:52am   12,762 views  157 comments

by Patrick   ➕follow (55)   💰tip   ignore  

dried up lake

If lending standards had remained steady, then we would have a pipeline of people who spent the past 5 to 10 years saving for a down payment. Instead, they already got that house, and the savings don't exist. So, if we go back to decent lending standards (i.e., 20% down), we have a LONG wait before we have significant numbers of new buyers, on top of all of the other reasons you cite.

Bob L.

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41   Peter P   2007 May 8, 6:38am  

A really good fillet like Outback’s needs nothing to enhance it. They are always perfectly seasoned, and I get it medium rare. YYUuuummmmm.

True. I can use the bacon lard though.

But you are right, a good piece of steak requires no sauce.

42   Malcolm   2007 May 8, 6:42am  

It pisses me off at Chilis when they plop a gross looking piece of lard (steak butter) on an otherwise perfect sirloin.

43   DinOR   2007 May 8, 6:42am  

Actually each section of the Coronado Bridge is pre-set w/explosives and each section is designed to float. Cold War mentality was that one direct hit from Moscow would leave almost the entire Pacific Fleet penned in for months. This way it could be blown and towed off.

44   Malcolm   2007 May 8, 6:46am  

I don't know about current live explosives, but it is said that the middle section was made to float for that reason.

45   Peter P   2007 May 8, 6:47am  

Cold War mentality was that one direct hit from Moscow would leave almost the entire Pacific Fleet penned in for months.

Would a fleet still be useful after a Soviet attack and the ensuing massive retaliation from the Free World?

46   DinOR   2007 May 8, 6:49am  

@Malcom,

Oh I'm sure they've been long since removed! Probably not long after 'the wall' came down. The maint. crew would start on one end removing rust (marine environment) prime and paint and by the time they got to one end the would simply turn around and work their way back.

47   Malcolm   2007 May 8, 6:52am  

I'll bet it takes a lot of paint. It is a beautiful landmark. It is now free both ways to drive on it.

48   DinOR   2007 May 8, 6:52am  

"Would a fleet still be useful"

Ahem... was "The Fleet" EVER useful?

More MAD engineering? A rogue Russian Bear with a conventional payload rendering our entire fleet O.O.C? (out of commission) I don't think so!

49   DinOR   2007 May 8, 6:55am  

"It is now free both ways"

It was SUPPOSED to have been free a LONG time ago! But... at a buck and a quarter each way and 30,000 people entering and leaving North Island a day? It's hard to turn your back on that kind of money!

50   Malcolm   2007 May 8, 6:55am  

Peter,

Military strategists don't seem to ever give up. My brother would show me pamphlets on how this will block this or that and you literally feel like you would be invinsible. Even if all the ships were sunk in a nuke blast there is probably a contingency to still get them out to sea.

51   Malcolm   2007 May 8, 6:56am  

Now the toll gate is a CHP hangout. They phased the tolls out as the bridge was paid for in the late 80s early 90s. Then it went to being free for carpoolers, and more recently they said OK it's free now for everyone.

52   Malcolm   2007 May 8, 6:58am  

DinOR, have you seen the Tsar footage of Russia's big H Bomb. Oh man! It is on Youtube if you are curious. That is the biggest bomb EVER detonated.

53   DinOR   2007 May 8, 7:00am  

Oh absolutely. Like the pamphlet that shows grunts what "position" to take in the event a hand grenade goes off. Get flat on the floor/ground face down and turn your boots toward the blast. Most of the blast goes up THEN out so you won't even be late for chow! Right.

54   Malcolm   2007 May 8, 7:00am  

They say the mushroom cloud went 40 miles up. By some reckoning that is a column of smoke going from the ground to space. 50+ Megatons.

55   Malcolm   2007 May 8, 7:01am  

Exactly. If you just follow these steps you will be ok. So you've seen the same stuff.

56   Malcolm   2007 May 8, 7:02am  

This injection will counteract nerve gas......
Uh yeah.

57   DinOR   2007 May 8, 7:03am  

True, if you bought a book of tickets by the month you could save a little and I'm sure some officers and cilvilians were exempt, everyone else paid by the trip. The idea was to continue long enough to create a fund to pay for maint. etc. I haven't heard anything lately but last time I checked S.D had mega financial problems.

58   Malcolm   2007 May 8, 7:05am  

They are in deep sh*t

59   Malcolm   2007 May 8, 7:06am  

The ponzi pension scheme is what really screwed them up. I say them because I am actually outside the city limits.

60   Malcolm   2007 May 8, 7:06am  

Were you stationed down here, you've always seemed to be knowledgeable about San Diego.

61   DinOR   2007 May 8, 7:08am  

Just because your buddy is foaming profusely from the mouth and is bleeding from his eye sockets DO NOT become alarmed! This reaction is "normal". Simply remove your SBD-9 survival kit, and stick the 9" hypodermic needle in his aorta with the force of black belt. Use your military issue belt to stop any arterial bleeding.

62   Malcolm   2007 May 8, 7:09am  

Peter, you should check out the end of the last thread. We were talking about market failures and food, I was surprised we didn't hear from you.

63   Malcolm   2007 May 8, 7:10am  

That almost sounds word for word what I remember reading. I used to think, man, nothing can kill a Marine.

64   azrob   2007 May 8, 7:10am  

Ni hao:

Well if you guys didn't like that real estate commercial, how about the one where the agent meets the chinese family (all 3 generations) at the airport, and pops of his one line of chinese, welcome to america?

Then the wife keeps bowing, wtf? chinese don't do ceremonial bows, thats the Japanese! And chinese would be moving somewhere they already had family or a job...

But the real kicker, why the hell doesn't that "huge NAME WITHHELD" racist real estate company have at least one agent that speaks Mandarin? If I had out of country clients, I would partner with an agent who is a native speaker of their language! Anyone who knows anything about mainland chinese knows their is NO WAY IN HELL they would trust a non chinese agent met over the internet to guide their investment...

zai jian

65   DinOR   2007 May 8, 7:11am  

@Malcom,

I was stationed there several times in the 80's (as well as Long Beach) but I actually lived in IB (Imperial Beach) and took the "trolley" to 32nd St. off Harbor Drive. I was much more familiar w/ TJ.

66   Malcolm   2007 May 8, 7:14am  

I'm getting tired of seeing these young guys in Oceanside getting ready to ship off. They are the nicest kids, and I want this war to end. I don't understand how it equates to surrender by pulling the military out. We have images of Saddam hanging on the end of a rope, I doubt any historian will say that we failed in the initial mission.

67   DinOR   2007 May 8, 7:15am  

IIRC The City of San Diego had a number of major defections from the finance com. Fiduciaries became whistle blowers and there was a lot finger pointing (particularly where the pub. emp. pension was concerned)?

68   Malcolm   2007 May 8, 7:16am  

Ha ha, I'll bet. I go down to IB sometimes. First it's a nice drive along the strand, but I take the dogs to the beach where it winds back towards the estuary. That is a pretty cool area. The condos on the beach there got up to the 600K mark. Now when you walk the little strip there, you will have desperate owners saying "are you here for my open house?"

69   Malcolm   2007 May 8, 7:18am  

Must have been in the Navy right?

70   Malcolm   2007 May 8, 7:19am  

I used to work for the guy who was a bartender in the background of Top Gun. The BBQ place is still unchanged across from Seaport Village.

71   DinOR   2007 May 8, 7:19am  

"are you here for my open house?"

Now THAT is sad! Uh yeah I like to make sure my DOGS approve before I make an offer? Sad... AND nerdy.

72   Malcolm   2007 May 8, 7:20am  

It was pretty pathetic.

73   DinOR   2007 May 8, 7:21am  

Malcom,

As I have said many times, although I was "paid" by the U.S Navy (I was in my own navy). Oh if they only knew!

74   Peter P   2007 May 8, 7:24am  

Steaks are the easiest to cook, if one can even call that cooking.

That is not true. You need a *really* hot oven to get the outside crispy without over-cooking the inside. Fleming's broils the steak at 1600 degrees. I do not have such an oven.

75   Malcolm   2007 May 8, 7:25am  

Depending on the duty it is either a chore, or like it sounds like with you, some people find a lot of freedom. I've worked places where military guys grab some part time work. Sounds like you had a lot of fun in the 80s here.

76   Peter P   2007 May 8, 7:25am  

You need to check out the latest issue of Vanity Fair….. neat story on sushi. $170,000 for one fish! Says American fisherman thought Bluefin worthless until the early 70’s. Sold it for cat food…….

I know that already. It is a big fish though.

77   DinOR   2007 May 8, 7:26am  

I did get to know the area while on shore patrol which was broken down into like 5 different "beats". National City/Chula Vista/IB/The Border. Balboa Park/Hospital. "B" Steet (downtown). Sea World. East County (to include the Los Calinas women's detention facility, a real "treat").

78   astrid   2007 May 8, 7:28am  

Peter P,

Well, 90%. I surprised people don't eat steak more often. Just $8 worth of meat from Costco, a dash of Montreal Steak Seasoning, and a small toaster oven will feed two people quite well.

79   Peter P   2007 May 8, 7:28am  

But then again, the sight and taste of the reddish juicy meat is enough to satisfy me.

I like my beef rather rare. However, very-well-marbled meat (e.g. Kobe) should be more cooked.

80   DinOR   2007 May 8, 7:29am  

I got lucky. You had to be 21 to be able to respond to the call at a bar which eliminated 98% of the crew. And yes I'd rather the guys up in Oceanside were breaking up bar fights.

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