Is your disposable income going down?

[jared2]

<div class='quotetop'>QUOTE(dbermanmd @ May 19 2006, 01:35 PM) [snapback]258135[/snapback]</div>

Hi again.

First, in order for some fair and balanced posting, try finding one Pro-Bush or Pro-American topic to post on. That would be a nice change.

Second, the market volitility is directly related to the inflation worry. You shoud read the lead editorial in todays Wall Street Journal for further clarity.

Third, the housing bubble is a lot more complex than some would lead us to believe. It will depend a lot upon interest rates, location, local economic conditions - things that lead me to believe that no blanket statement will adequately describe a segment of the economy that large.

Fourth, I did not know Krugman had a Ph.D. in economics.
[/b]

Still waiting for an apology for your gross insults.

[airportkid]

<div class='quotetop'>QUOTE(dbermanmd @ May 19 2006, 10:35 AM) [snapback]258135[/snapback]</div>

First, in order for some fair and balanced posting, try finding one Pro-Bush or Pro-American topic to post on. That would be a nice change.
[/b]

There is nothing whatsoever preventing you from doing exactly that.

By the way, if you can find anything pro-Bush, you could probably get a good price for it on e-Bay as an item of extreme rarity.

One must ask, in this land of free speech, WHY accolades for Bush are vanishing to extinction. It isn't as if they are being suppressed.
<div class='quotetop'>QUOTE(dbermanmd @ May 19 2006, 10:35 AM) [snapback]258135[/snapback]</div>

Second, the market volitility is directly related to the inflation worry.
[/b]

Nice, succinct blanket statement there. You must have strong personal economic credentials that qualify you to comment so concisely about something as vast and complicated as the drivers of market volatility.
<div class='quotetop'>QUOTE(dbermanmd @ May 19 2006, 10:35 AM) [snapback]258135[/snapback]</div>

Third, the housing bubble is complex. It will depend a lot upon interest rates, location, local economic conditions - no blanket statement can adequately describe a segment of the economy that large.
[/b]

True enough. But the only blanket statements so far are yours. Mr. Krugman hasn't made any; his article dedicates several paragraphs to the topic. And your statement that the market is complex, affected by three factors, without the slightest illumination as to HOW those three factors interact or are themselves affected by secondary and tertiary factors, is itself a blanket statement that conveys little useful information.
<div class='quotetop'>QUOTE(dbermanmd @ May 19 2006, 10:35 AM) [snapback]258135[/snapback]</div>

Fourth, I did not know Krugman had a Ph.D. in economics.
[/b]

I can only assume here that your own qualifications to offer opinions on this topic exceed a Ph.D in economics; and that unless you possess a Ph.D. in economics you're not qualified to comment in public on the subject. What are YOUR credentials in the field of economics, O great one who warns us that comments should be taken seriously not by virtue of thoughtfulness, logic or knowledge, but by what diploma one has hanging on the wall?

[hycamguy07]

You know here in the suburbs of Orlando land is at a preimium, we still have county & state protected wet-lands & forrests around the state.. Just 30 miles north of Orlando is Volusia County with land availible.. We have a town there called Deltona this town was mainly retirees until 1997 then people mostly cuban, purtorican, mexican families started moving in now due to cheap homes starting in the 40's, the locals now call it Del-Rico the town has tripled in size since then. the new people moving to Florida need to research the new home location they may buy, I have seen developers put whole neighborhoods on 100 yr flood planes and flood prone areas leaving the new owners surprized when they get flooded during hurricanes.

Did you know Approximately 800 people are moving to the state each and every day!
Making Florida one of the four fastest growing states in the US.....

More information:
http://www.florida-relocation.com/stateinfo.htm

[jared2]

<div class='quotetop'>QUOTE(priusguy04 @ May 19 2006, 03:14 PM) [snapback]258188[/snapback]</div>

You know here in the suburbs of Orlando land is at a preimium, we still have county & state protected wet-lands & forrests around the state.. Just 30 miles north of Orlando is Volusia County with land availible.. We have a town there called Deltona this town was mainly retirees until 1997 then people mostly cuban, purtorican, mexican families started moving in now due to cheap homes starting in the 40's, the locals now call it Del-Rico the town has tripled in size since then. the new people moving to Florida need to research the new home location they may buy, I have seen developers put whole neighborhoods on 100 yr flood planes and flood prone areas leaving the new owners surprized when they get flooded during hurricanes.

Did you know Approximately 800 people are moving to the state each and every day!
Making Florida one of the four fastest growing states in the US.....

More information:
http://www.florida-relocation.com/stateinfo.htm
[/b]

You don't work for the Florida Chamber of Commerce, by any chance?

[eyeguy13]

<div class='quotetop'>QUOTE(dbermanmd @ May 19 2006, 12:35 PM) [snapback]258135[/snapback]</div>

Hi again.

First, in order for some fair and balanced posting, try finding one Pro-Bush or Pro-American topic to post on. That would be a nice change.

Fourth, I did not know Krugman had a Ph.D. in economics.
[/b]

Yes, Paul Krugman does have a PhD in economics from MIT. Received it in 1977 and has taught at MIT, Yale, Stanford and now is at Princeton. Between 1982-1983, he worked at the White House Council of Economic Advisors.

"Fair and Balanced". Did you watch Fox News today??? I've heard that they report and we decide.

Pro-Bush statement------he's a cyclist. There, see a lefty can compliment the President. If he ever came to my base, I would ride with him.

[dsunman]

<div class='quotetop'>QUOTE(dbermanmd @ May 19 2006, 01:35 PM) [snapback]258135[/snapback]</div>

Second, the market volitility is directly related to the inflation worry. You shoud read the lead editorial...
[/b]

Economics has gotten so rigorous we've all got rigor mortis.

[Rancid13]

Home prices don't appear to be going down at all here in the OC. Some portions of the market (ie: the $4+million) appear to be stabilizing, but everything else is going up. The OC median price is now $628K and the market overall is up 10% from this time last year. Main reasons for the prices to keep going up (though not at the frantic pace they were rising 1-2 years ago) is because of the growing job market here and the lack of available land to build on. OC is bounded by the Pacific Ocean, San Diego Cty, Riverside Cty, San Bernardino Cty, and LA Cty. There's only so much land here, and as it's getting built out there's no place for prices to go but up.

[dsunman]

<div class='quotetop'>QUOTE(eyeguy13 @ May 19 2006, 05:50 PM) [snapback]258272[/snapback]</div>

Yes, Paul Krugman does have a PhD in economics from MIT. Received it in 1977 and has taught at MIT, Yale, Stanford and now is at Princeton. Between 1982-1983, he worked at the White House Council of Economic Advisors.

"Fair and Balanced". Did you watch Fox News today??? I've heard that they report and we decide.

Pro-Bush statement------he's a cyclist. There, see a lefty can compliment the President. If he ever came to my base, I would ride with him.
[/b]

Hi eyeguy 13,

You forgot to prefix THE ONLY 'fair and balanced'

you posts rock, btw

[DaveinOlyWA]

just saw a story last week that the West Bellevue neighborhood medium home prices have exceeded 1 million. most of the houses in the area are WAAAY over that figure including bill gates house... so not sure how the medium price got down that far.

[Godiva]

The two aren't really related.

Yes, my disposable income is going down. In fact....I'll have to quit my masters program because the classes just went from $645 to $1,027 per class and I just don't have enough discretionary income to continue the program. But that's because the cost of living goes up and my salary does not. (I'm one of those incompetent, lazy teachers making way too much money as it is.)

Gas goes up and even though I drive Prius it still goes up. And so the cost of food goes up. And utilities. And everything else.

The only thing not going up is my mortgage so I don't see how the market value of my home relates to discretionary income.

I bought my home in 1987 for $80,000. I've refinanced several times since then (new roof, new plumbing, landscaping) I cashed out and then put the money back into the house, thereby increasing it's value. The last time my home was assessed at $465,000. It's probably not gone down much from that. I've made sure I never owe more than 80% of my home's assessed value when I've cashed out. That way I made sure I'd never owe more than my home was worth even if property values dropped. No way they would drop that much. Not in So. Cal housing market.

My current mortgage is at 5.65% 30 year fixed so I won't be refinancing ever again. Hence the problem with the masters program. I'm not going to refinance to pay for the last three classes. And with the car payments going another three years I don't have the extra money. They announced it last week so it's way too late to try for any grants. I don't qualify for most grants because I'm not a minority, I'm not poor and I'm not specializing in any special kind of library work. This last class will complete my Library Media Teacher credential and that's what I needed. I already have one masters degree and am at the top of the salary schedule so I don't "need" the second masters degree. I just wanted it in case after I retire I wanted to continue to work in a library in the private sector or at a public library. You need an MLIS for that. My only alternative is to take cash advances on my credit card to pay for the three remaining classes. I can't really justify that.