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Author: Subject: Long Term Investment Opportunity
tripledigitken
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[*] posted on 6-23-2009 at 10:53 AM


In an effort to be the the sole provider of positive economic news let me share this:

San Diego County Housing prices May 2009

New Home/Condo May 08 $435,000

May 09 $476,000 +9.4%

Resale Houses May 08 1782 ea


May 09 2068 ea +16%

No question its gloomy out there, but there are signs of improvement.

Ken

http://www.signonsandiego.com/sdhomes/area_homesales/index.p...




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capt. mike
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thumbup.gif posted on 6-23-2009 at 11:02 AM
cool, looking forard to that.


Quote:
Originally posted by dtbushpilot
Hey mike, if they become bargains I'll upgrade to something bigger and you can come down and hang out. Right now it seems that every third place is for sale but the prices are still where they were 2 years ago.....and the places are still for sale.....and will be for quite a while. I'm guessing that most folks that have property down there aren't hurting yet.....dt


east cape was always my dream since staying at R. Leonero in 1990, diving. Parked at Los Barriles back then. right in front of Palmas.
Mulege became an experimental pre retirement gig but i lost it in 2008.

i have flying friends still with a place at a pista privada, El Rincon, close to Los Frailes. their airport might be under attack by the developers so who knows if they'll retain fly in rights.
i'd have a tough time staying on the east cape with out a plane safely close by. but options are ever waning it seems.

puntas colo and pesca and Fralies might end up a the only ones left. bummer.




formerly Ordained in Rev. Ewing\'s Church by Mail - busted on tax fraud.......
Now joined L. Ron Hoover\'s church of Appliantology
\"Remember there is a big difference between kneeling down and bending over....\"

www.facebook.com/michael.l.goering
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toneart
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[*] posted on 6-23-2009 at 11:02 AM


"If everyone is thinking alike, then somebody isn't thinking."

George S. Patton ;) :biggrin:




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k-rico
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[*] posted on 6-23-2009 at 12:39 PM


Quote:
Originally posted by toneart
My cerebral indicators aren't very optimistic about a recovery any time soon. I think BajaGringo's graph is too optimistic.

in my retirement I am perfecting the philosophy of Nihilism. :smug:


Nihilism is good.

As far as your cerebral indicators,

"Consider our track record over the past 20 years, starting with the stock-market crash of 1987, when on Oct. 19 the Dow Jones lost 23 percent, the largest one-day loss in its history. The legendary economist John Kenneth Galbraith wrote that he just hoped that the coming recession wouldn't prove as painful as the Great Depression. It turned out to be a blip on the way to an even bigger, longer boom. Then there was the 1997 East Asian crisis, during the depths of which Paul Krugman wrote in a Fortune cover essay, "Never in the course of economic events—not even in the early years of the Depression—has so large a part of the world economy experienced so devastating a fall from grace." He went on to argue that if Asian countries did not adopt his radical strategy—currency controls—"we could be looking at?.?.?.?the kind of slump that 60 years ago devastated societies, destabilized governments, and eventually led to war." Only one Asian country instituted currency controls, and partial ones at that. All rebounded within two years."


http://www.newsweek.com/id/201935

[Edited on 6-23-2009 by k-rico]
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