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Issa's Earmarks Meant to Line his Pocket: Publication
David Sokol, not Munger. Munger's older than Buffett. He's got to be what, close to 90? I hardly think he would be considered a potential successor. Buffett definitely thinks long term— March 31, 2011 2:19 p.m.
Issa's Earmarks Meant to Line his Pocket: Publication
Not that it really matters, but I believe in wasn't until '87 or '88 the Milken made that. I remember reading it in article in the LAT when the indictments came out and a comment by Trump to the effect that he was suprised a company would let someone make that much money because you could be happy with a lot less money. I found that total hilarious coming from him. Ironic that at the time, Trump was building the Taj, which was financed primarily from junk bonds. The biggest crime, imo, was that Milken served less than 2 yrs and even after paying a billion plus in fines, he still had a boatload of money when he got out. Did Columbia actually file Chapter 11? I always thought the OTS took it over. I do remember that the feds lost their case against Speigal.— March 31, 2011 9:16 a.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
But how much of this "movement" is directly due to boomers retiring? I would surmise it's not as much as you think it is.— March 30, 2011 12:29 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
waynebernard wrote: "This will be particularly critical for boomers who are looking to cash in the capital built up in their real estate holdings to fund their retirement."— March 30, 2011 12:12 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
surfpuppy619, I agree with you to an extent in regards to new housing and jobs. The problem I see in Ca. is that it way overbuilt now, in my opinion. I don't know how long you have been in SD, but I have been coming down since the 50's, when we went to the zoo for the first time, way back when kids got in for free. A couple of years ago we flew into Lindberg from back east for the first time in probably 10-15 yrs and the amount of ugly,nast tract housing was sickening. And LA is even worse. I have a collection of LA-OC aerial photos that belonged to my father. The amount of housing built over the last 20-25 yrs is astounding. I think 2-5 yrs is way to generous a time frame for any meaningful, steady return to new home construction and I would be suprised if it ever returned to the pace of the early 90's-2005.— March 30, 2011 11:21 a.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
Perhaps I am misreading your previous comment. It seemed to me that you're saying many people don't want to sell right know because of the depressed values in the current market, but they might want to take advantage of the market to buy now in another area and sell there current home later, when the market improves. Did I read it correctly?— March 30, 2011 11:01 a.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
But did you sell your home in SD and move because you needed the capital to fund your retirement or did you do it because you wanted to change your lifestyle?— March 29, 2011 11:25 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
I disagree, but I guess we'll see in about 15 yrs or so— March 29, 2011 11:22 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
You are referring to Prop 60 and prop 90. Prop 60 allows an intracounty transfer of base values, which is allowed in all counties. Prop 90 is for an intercounty transfer of base values. I know LA,Ventura, Orange and San Diego counties allow prop 90 transfers and I believe there are a handfull of other in Nor Cal that do also. There are quite a few conditions that have to be met. The Board of Equalization website has a section about it somewhere in there.— March 29, 2011 11:20 p.m.
Case-Shiller Data Suggest Possible Housing Double-Dip
Sorry, I disagree. You make it sound as if you expect a bunch of us to start dropping dead suddenly and at the same time.I don't think you can say that a major downward adjustment that may or may not occur in another 10-15 yrs, or longer, falls on the backs of us boomers. Hell, it may be 10 yrs before things recover from the current "downward adjustment". I read a study a few months ago that said about 55% of boomers were considering a move after retirement. Of those, over 60% said it was to a home requiring less or no maintenance and about 20% to a smaller home. I don't see those people causing any kind of real estate crisis. I guess I just have a different viewpoint than you.— March 29, 2011 7:59 p.m.