patrick.net

Consumers loading up on debt again, harbinger of great things to come! It makes me sick that our whole system is completely dependent on debt and encourages it at every stop. This article makes the increase in consumer debt sound like the second-coming of Jesus.

Sounds like 2005 all over again!

But THIS time WILL be different! Why? Its just will damnit!

SFace says

In any case, performing home improvement in Palo Alto has tremendous return on investment.

To do HI .. your going to get charged an arm and leg.. its highly inflated based on perception of wealth of homeowners... high debt on overpriced services. For areas outside the "fortress" the costs of HI drops like a rock. In the long run, you will never recapture any gains. We are still bubble driven.

SFace says

Palo Alto owners probably don't give a damn as much as Vallejo owners.

only if your stupid enough.. fact is back before the bubble the HI prices were not that different, but they are recent migrants to CA.. so yes there is a sucker born every minute.

SFace says

You get charged an arm/leg because you demand more.

no... even in difference in demand. I seen more work being down for a lot less with friends who have more house in the North Bay.

The bottom line.. is we have lots of Land Sharks with wealth extraction on their minds.

The only thing better than doing maintenance on a house is paying interest to do maintenance on a house

Get ready to hear the phrase 'im going to pull some more money out of the house and ______' evertime you visit starbucks.

Im in bubble mode again. For me it means 'always have home ready to sell'.

FunTime says

the homeowners are using a HELOC (home equity lines of credit) to finance the improvements

Shwew! That didn't take long, now did it? Back to normal, gang!

USA! USA! USA!

Funny but I make good high six figure income and still think its a bad time to buy a house in the RBA! Maybe I am different but rather have a cool million in liquid cash available.

SJ says

Funny but I make good high six figure income and still think its a bad time to buy a house in the RBA! Maybe I am different but rather have a cool million in liquid cash available.

With an income like that I'd expect by now you could buy a RBA house for cash and STILL be able to fill the pool with at least a cool million.

New Renter says

Sounds like 2005 all over again!

But THIS time WILL be different! Why? Its just will damnit!

Actually, it is more like 1998 or 1999 IMO. Hang on tight for the ride. We're not even close to being done yet with this bull run.

bmwman91 says

Consumers loading up on debt again, harbinger of great things to come! It makes me sick that our whole system is completely dependent on debt and encourages it at every stop. This article makes the increase in consumer debt sound like the second-coming of Jesus.

Well, that is our system. It is what it is. Now use the system to your advantage.

E-man says

bmwman91 says

Consumers loading up on debt again, harbinger of great things to come! It makes me sick that our whole system is completely dependent on debt and encourages it at every stop. This article makes the increase in consumer debt sound like the second-coming of Jesus.

Well, that is our system. It is what it is. Now use the system to your advantage.

By that logic, you would have been a southerner hoarding black slaves prior to the civil war, or a nazi rounding up jews in the holocaust. That entire mentality, that right or wrong, if you can't beat um, join um, is what's wrong with this country.

But hey, so long as you sleep at night. I got mines yo!

errc says

if you can't beat um, join um

"Everyone was doing it."

"It's my job."

Because the on thing better than doing maintainince on your home is paying interest to do maintainince on your home.