US ports turned over to Arabs?
 

"katy" wrote in message
...
Maxprop wrote:

Junk? Is that why Kia and Hyundai offer 100K mile/10year warranties, and
the US cars give you 3?

Wait until you go to use the warranty...it's very exclusive..

They all are, even domestic warranties. I've had no problems with Toyota
warranties. Then again Toyotas don't seem to break very often.

Max

US ports turned over to Arabs?
 

Maxprop wrote:
"katy" wrote in message
...

Maxprop wrote:


Junk? Is that why Kia and Hyundai offer 100K mile/10year warranties, and
the US cars give you 3?


Wait until you go to use the warranty...it's very exclusive..


They all are, even domestic warranties. I've had no problems with Toyota
warranties. Then again Toyotas don't seem to break very often.

Max


KIA's do....and it's like riding in a tin can...my sister has one
that she lets her teenagers drive...she won't get into it unless
there's absolutely no choice becasue she says it aggravates her
arthritis!

US ports... now housing prices
 

"DSK" wrote in message
. ..

Clue: it happens *everywhere* from time to time. Supply and demand are in
a constant state of seeking equilibrium.

Viewed pedantically, yes--that's true. From a more temporal viewpoint, the
hot real estate markets are where the term is being bandied about most
frequently. I doubt seriously if the supply and demand of land in Bugsquat,
NC, is of much concern to anyone beyond the locals.


... My brother's home in SF, which he purchased in '74 for $58K,
appreciated to over $400K, and then readjusted in a slump to around $275K
back in the 90s. Now it is over $850K and still rising, but he strongly
expects a readjustment somewhere down the road. So the market gurus
speak over "overvaluation."


And people who have strong reasons to sell their homes during these
periods of "correction" get hammered.

Especially those banks who've lent money on interest-only, nothing down
loans. But ultimately they tend to make out okay. They just hold the
repo'd property until the next RE boom takes the prices higher.


It's not a crash if it only happens to the other guy, right?

... Ultimately, however, the trend is always up over the long haul.

Uh-huh.

Did the Tooth Fairy tell you so?

Did it ever occur to you that prices seek a level relative to inflation?

Before sticking your thumbs behind your suspenders and looking smug, you
might wish to check out the history of RE values in San Francisco, for
example. The net price trend there has outstripped inflation manifold for
the past quarter century and shows no signs of slowing. Same in the other
two markets I mentioned. No one is talking generalities here, so save the
homespun economics lesson for your neighborhood kids. Bore them, not us.

Did it ever occur to you that some goods & services experience a permanent
decline in demand?

You mean like land values in the impoverished regions of NC, which encompass
about 80% of the state?

If you think that long term trends are *always* up, immutably &
indubitably, then I have a great investment for you in Acme Buggy Whip Co
stock.

Get with the program, Doug. Who's talking about stock? And I'm not talking
about RE in Buggy Whip, NC, either. I'm talking about San Francisco, Miami,
and Chicago, like I stated in the first place when you rudely had to open
mouth-insert foot and proclaim, while beating your chest as you are wont to
do regularly, that the phenomenon I was describing happened in ****kick, NC,
too. But as long as you raised the point, can you show me that the Dow
Jones Industrials average is lower now than, say 20 years ago? Or 50 years.
How about real estate in general--can you show me any state in the country
where RE values are lower than they were 20 or 50 years ago? You really
should give your statements some thought before citing something your Econ
101 professor told you years ago.

... That's why interest-only loans are dispensed like candy in such
areas these days.


Great idea: literally gambling with your home. Poker is for wimps!

Gee this thread has come a long way. Started out at the ports & worked
it's way inland, I guess.

That surprises you? Are you The Thread Nazi, the one who demands that
threads remain on track in Usenet?

Max

US ports... now housing prices
 

"Frank Boettcher" wrote in message
...

My Mother in law has waterfront in Florida. Value has doubled each of
the last two years. And it is real because the house is not for sale
but she has people knocking on the door making offers. It is not a
good thing unless you are flipping real estate. If you just want to
live there eventually the taxes and insurance will drive you out.

I thought Florida had passed a law similar to California's Prop 51, which
freezes property taxes at the buy-in level. Not true?

I
feel sorry for people who retired on a fixed income and their dream
was to live near the water in Florida. Even though Florida limits
the amount of tax increase per year for a homstead, I expect it will
eventually drive them out.

Guess I should have read on--so FL *can* raise property taxes, but at a
fixed rate for homesteads. Hmmm. Not good for those on fixed incomes.
Then again the real estate moguls control that state, lock, stock, and
barrel, and increasing property taxes may be their way of forcing folks out
of their homes, which puts them on the market for them to sell profitably.
No one ever accused FL of being altruistic w/r/t real estate. One has only
to look at all the coastal wetlands that got backfilled between the 60s and
the present, all in the name of creating canals for more "waterfront"
property.

Max

US ports turned over to Arabs?
 

"Joe" wrote in message
oups.com...

Maxprop wrote:
"Peter Wiley" wrote in message
. ..

No such thing as overvalued or undervalued in a free market, except in
someone's perceptions. It's worth what you can sell it for, when you
want to or have to sell it. Period.

There is a lot of rhetoric here now about "overvalued" real estate. The
term is perhaps a misnomer, but it refers to what property will be worth
when the market cools and the prices readjust. This happens in places
like
San Francisco, Miami, and Chicago from time to time. My brother's home
in
SF, which he purchased in '74 for $58K, appreciated to over $400K, and
then
readjusted in a slump to around $275K back in the 90s. Now it is over
$850K
and still rising, but he strongly expects a readjustment somewhere down
the
road. So the market gurus speak over "overvaluation." Ultimately,
however,
the trend is always up over the long haul. That's why interest-only
loans
are dispensed like candy in such areas these days.

Max

My little siter bought a house in Cape Coral Fla. 4 yrs ago for 225K.
She sold it last week for 885K. Almost a 400% profit. She still has a
duplex on the market that will rake in another 150-200K profit. Her
property got so expensive she could not afford the taxes anymore. She
going to retire in Alabama, no retirement income taxes.

That's a sad testimony to the ills of a boom real estate market where
property taxes aren't adequately controlled. I'm sure the RE companies
relish the idea of homeowners being forced out of their homes, which
generates a continuous flow of properties to the market. For the
individual, however, their dream of living out their retirement years in the
home of their dreams becomes a pipe dream. I guess there is some
compensation in that they can move to Mudwallow, Somewhere, and own the
nicest home in town.

Max

US ports turned over to Arabs?
 

He must not live in a very good neighborhood. :-) That's cheap for SF these
days. Well, not cheap, but not the top of the market either.

--
"j" ganz @@
www.sailnow.com

"Maxprop" wrote in message
ink.net...

"Peter Wiley" wrote in message
. ..

No such thing as overvalued or undervalued in a free market, except in
someone's perceptions. It's worth what you can sell it for, when you
want to or have to sell it. Period.

There is a lot of rhetoric here now about "overvalued" real estate. The
term is perhaps a misnomer, but it refers to what property will be worth
when the market cools and the prices readjust. This happens in places
like San Francisco, Miami, and Chicago from time to time. My brother's
home in SF, which he purchased in '74 for $58K, appreciated to over $400K,
and then readjusted in a slump to around $275K back in the 90s. Now it is
over $850K and still rising, but he strongly expects a readjustment
somewhere down the road. So the market gurus speak over "overvaluation."
Ultimately, however, the trend is always up over the long haul. That's
why interest-only loans are dispensed like candy in such areas these days.

Max

US ports... now housing prices
 

I think you're talking about Prop 13.

--
"j" ganz @@
www.sailnow.com

"Maxprop" wrote in message
nk.net...

"Frank Boettcher" wrote in message
...

My Mother in law has waterfront in Florida. Value has doubled each of
the last two years. And it is real because the house is not for sale
but she has people knocking on the door making offers. It is not a
good thing unless you are flipping real estate. If you just want to
live there eventually the taxes and insurance will drive you out.

I thought Florida had passed a law similar to California's Prop 51, which
freezes property taxes at the buy-in level. Not true?

I
feel sorry for people who retired on a fixed income and their dream
was to live near the water in Florida. Even though Florida limits
the amount of tax increase per year for a homstead, I expect it will
eventually drive them out.

Guess I should have read on--so FL *can* raise property taxes, but at a
fixed rate for homesteads. Hmmm. Not good for those on fixed incomes.
Then again the real estate moguls control that state, lock, stock, and
barrel, and increasing property taxes may be their way of forcing folks
out of their homes, which puts them on the market for them to sell
profitably. No one ever accused FL of being altruistic w/r/t real estate.
One has only to look at all the coastal wetlands that got backfilled
between the 60s and the present, all in the name of creating canals for
more "waterfront" property.

Max

US ports turned over to Arabs?
 

Dave, you're trying to have conversation with a guy who pretends to be
someone else who is a woman, and then pretends to be a guy. It's really
quite confusing and pretty pathetic. Thought you should know.

--
"j" ganz @@
www.sailnow.com

"Dave" wrote in message
...
On Wed, 01 Mar 2006 11:57:00 GMT, Mys Terry
said:

It's bad enough you pass on bogus
info, but info not valid for over 40 years???


You have yet to prove that what I said was invalid for even 40 minutes.

What source confirms your claim that VT has more cows than people?

US ports... now housing prices
 

Clue: it happens *everywhere* from time to time. Supply and demand are in
a constant state of seeking equilibrium.


Maxprop wrote:
Viewed pedantically, yes--that's true. From a more temporal viewpoint, the
hot real estate markets are where the term is being bandied about most
frequently. I doubt seriously if the supply and demand of land in Bugsquat,
NC, is of much concern to anyone beyond the locals.


OTOH if land less than 20 miles from Bugsquat NC is being
aggressively marketed to outsiders at huge prices, then all
three parties (Bugsquat natives, outside buyers, and
sellers) all have an interest in the situation.

I'm sure this makes you angry, since you are one of the
outsiders who bought high-priced land less than a stone's
throw from Bugsquat.



... My brother's home in SF, which he purchased in '74 for $58K,
appreciated to over $400K, and then readjusted in a slump to around $275K
back in the 90s. Now it is over $850K and still rising, but he strongly
expects a readjustment somewhere down the road. So the market gurus
speak over "overvaluation."



And people who have strong reasons to sell their homes during these
periods of "correction" get hammered.


Especially those banks who've lent money on interest-only, nothing down
loans. But ultimately they tend to make out okay. They just hold the
repo'd property until the next RE boom takes the prices higher.


It's that long-term thing again. And banks do fold from time
to time.... or get bailed out by the taxpayer.



Did it ever occur to you that prices seek a level relative to inflation?


Before sticking your thumbs behind your suspenders and looking smug, you
might wish to check out the history of RE values in San Francisco, for
example. The net price trend there has outstripped inflation manifold for
the past quarter century and shows no signs of slowing. Same in the other
two markets I mentioned. No one is talking generalities here, so save the
homespun economics lesson for your neighborhood kids. Bore them, not us.


And what is the trend for local wages over the same period,
hmm? What is the overall cost of living relative to other areas?

As long as it is a desirable place to live, real estate will
do well. When does that trend reverse?




Did it ever occur to you that some goods & services experience a permanent
decline in demand?


You mean like land values in the impoverished regions of NC, which encompass
about 80% of the state?


??

You don't know much about current economic trends, do you.
NC is actually doing pretty well, relatively. And we
appreciate the influx of money for swamp land, thank you.


If you think that long term trends are *always* up, immutably &
indubitably, then I have a great investment for you in Acme Buggy Whip Co
stock.


Get with the program, Doug. Who's talking about stock?

I am. Aren't you paying attention?

The value of a stock is tied to the productivity &
profitability of the company, which in turn is tied to the
wages & benefits it can offer it's employees, which is tied
to what those employees can pay for local real estate.




...And I'm not talking
about RE in Buggy Whip, NC, either. I'm talking about San Francisco, Miami,
and Chicago, like I stated in the first place when you rudely had to open
mouth-insert foot and proclaim, while beating your chest as you are wont to
do regularly, that the phenomenon I was describing happened in ****kick, NC,
too.

It's also happening in a number of other places. Maybe you'd
rather pretend that only city slickers like yourself (who
somehow can't seem to follow a topic, and pay money for
swampland) can understand?


... But as long as you raised the point, can you show me that the Dow
Jones Industrials average is lower now than, say 20 years ago? Or 50 years.

Easy enough to look it up. There have been long periods when
the stock marcket indexes were flat or downward.


How about real estate in general--can you show me any state in the country
where RE values are lower than they were 20 or 50 years ago?

You have missed the point. Is the value higher or lower
*relative to what*?

... You really
should give your statements some thought before citing something your Econ
101 professor told you years ago.


Maybe I see what's irritating you. Did you flunk Econ 101?
Or maybe a cute girl in that class turned you down for date?

Sorry to bring up painful memories.


Gee this thread has come a long way. Started out at the ports & worked
it's way inland, I guess.


That surprises you? Are you The Thread Nazi, the one who demands that
threads remain on track in Usenet?


No, I just give them a title which actually reflects what is
being talked about.

DSK

US ports... now housing prices
 

Capt. JG wrote:
I think you're talking about Prop 13.



He's got it confused with Area 51

DSK