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jbatz, Have you not been following this blog? If you want to buy anything in CA in the coming year(s) prepare to lose equity as soon as you close.

Taxes are nothing more than <strong>mandatory donations</strong>. If you pay a lot of taxes, then you are a philanthropist IMOP.

Wow. Some people never learn. :roll:

"We can default. Inflation is a slower politer method of default. We can all pretend it isn?t really a default. " LOL! We seem to pretend a lot in this country. Maybe it would work? LOL.

"We are in uncharted territory here." The way the banks and our nation deal with these huge losses is through devaluing the dollar. I heard that our country's biggest GDP is our debt. So if we produce debt as our main GDP, what is going to happen when the world decides we have to pay...

I don't even think you should consider buying ANYTHING if you can't AFFORD a 20% of it.

Why? You think people are going to rush their banks and with draw all their cash like 1929? I don't think so. We will more likely have mass inflation due to the Fed printing so much cash.

Speaking of inflation..does anyone here think that this will level off the prices dropping any further in the coming years? At this rate..inflation may go up to 7% next year.

Ok, let me just say that I am a loyal lurker around here and eternally grateful for the IHB. So now I need your advice and suggestions. I bought a 2b2b condo in Talega back in 2001 for $300k. w/ a 30yr fixed @ 5.75%. I think the Kool-Aid was flowing the highest around $490k for...