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Funny... my house is up over 11%.
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Founder of The Glory of War, CHAMPIONS OF APOLYTON!!!
'92 & '96 Perot, '00 & '04 Bush, '08 & '12 Obama, '16 Clinton, '20 Biden, '24 Harris -
Well, since people often move over here (on average about every 4 years as I recall), "negative equity" sounds like too benign of a phrasing for a leveraged asset.Originally posted by Dauphin
Ah, ok. It's a standard phrase here so seemed an odd way to be expressing the notion.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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How do you figure? Have you seen the new housing starts numbers?Originally posted by Patroklos
I realize this may hurt poeple who largely deserve it now, but what it really does is ensure housing is more afordable for a generation.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Energy isn't a problem in Vegas due to the numerous dams on the Colorado. The big problem for them long term is water. Water is a huge issue in the west and most of the treaties divying up the water rights were signed in the late 19th century or the first third of the 20th. That means California gets the bulk of the rights (as it dominated the west in the 19th century) and the fast growing interior states are left fuming about the unfairness of how resources are allocated.
Personally, I don't mind the current allocation of resources.
Try http://wordforge.net/index.php for discussion and debate.Comment
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What about water? In fact, the whole thing in CA could go big bust one day because of the water problem.Originally posted by DanS
It may not be evident yet, but IMO Las Vegas is one of the most sustainable cities in the country. It has the sun in abundance.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Well, I guess in the long term it does depend on the rebound, whether that be none or a lot.How do you figure? Have you seen the new housing starts numbers?
No matter what the 20 somethings of today who didn't buy a house in an obvious bubble will have the oportunity to get an afordable house over the next few years.
Solar powered desalination plantsWhat about water? In fact, the whole thing in CA could go big bust one day because of the water problem.
"The DPRK is still in a state of war with the U.S. It's called a black out." - Che explaining why orbital nightime pictures of NK show few lights. Seriously.Comment
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From the sun, you will be able to get plenty of electricity for desalination plants. Looking through my crystal ball, I see grid parity for solar power within a decade or two.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Stable prices are usually better because builders can make better predictions. Risk is a cost.Originally posted by Patroklos
Well, I guess in the long term it does depend on the rebound, whether that be none or a lot.
No matter what the 20 somethings of today who didn't buy a house in an obvious bubble will have the oportunity to get an afordable house over the next few years.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Naw, there is plenty of rain fall so increases in reservoir capacity should suffice. Failing that new desalinization plants are being built and several cities, including San Diego, built water recycling systems during the early 1990's drought.
They call it "toilet to tap" (bad name I know) and although the city spent over a billion dollars building a complete water recycling system it never got fully implemented. Originally they were going to use it to create potable water but due to public out cry they never turned the system on. Instead they dug up every road in the city and put in a parallel water delivery system for "gray water" (I.E. reclaimed water which wasn't purified to drinking water standards) and now most yards & parks are watered with gray water.
Using the same water twice is a great way to stretch your water resources out further.Try http://wordforge.net/index.php for discussion and debate.Comment
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I was thinking more about water supply actually.Originally posted by DanS
It may not be evident yet, but IMO Las Vegas is one of the most sustainable cities in the country. It has the sun in abundance.Comment
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If your area is anything like mine, with 60K new houses built or building or approved for building that will happen in an area with a population of 600K, then we don't need any more new houses for a while.Stable prices are usually better because builders can make better predictions. Risk is a cost."The DPRK is still in a state of war with the U.S. It's called a black out." - Che explaining why orbital nightime pictures of NK show few lights. Seriously.Comment
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Which is not a problem with ample supplies of electricity from the sun.Originally posted by MOBIUS
I was thinking more about water supply actually.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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But you aren't going to get cheap prices without more homes, and a working financial system of course.Originally posted by Patroklos
If your area is anything like mine, with 60K new houses built or building or approved for building that will happen in an area with a population of 600K, then we don't need any more new houses for a while.I drank beer. I like beer. I still like beer. ... Do you like beer Senator?
- Justice Brett KavanaughComment
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Vegas already gets dirt cheap hydro power from the various dams on the Colorado. Their big problem is the water rights were already locked up by other states/cities by the time Vegas Vegas was born in the 50's.Originally posted by DanS
Which is not a problem with ample supplies of electricity from the sun.Try http://wordforge.net/index.php for discussion and debate.Comment
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Re: US house prices in free-fall
Please, please, stay in free fall (or at least don't recover) for about 2 more years?Comment
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