tag:blogger.com,1999:blog-11462313.post116319623337308773..comments2023-05-25T05:50:48.080-07:00Comments on Mike Ault's Blog: The Housing MarketMikehttp://www.blogger.com/profile/06863836374532649517noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-11462313.post-1165021773819396122006-12-01T17:09:00.000-08:002006-12-01T17:09:00.000-08:00Well, you can blame the gummint. Monetary and tax...Well, you can blame the gummint. Monetary and tax policies drive a lot of the bubbling.<BR/><BR/>In my case, I take responsibility for my actions and profit by it.<BR/><BR/>Over the past 27 years about 10% of my net worth has derived from tax-deferred savings related to database worth, while 90% is from real estate, with approximately the same amount invested.<BR/><BR/>I'd be a lot better off if I hadn't bought fancy cars and travelled and so on, but there you go.<BR/><BR/>The hard part is to be contrarian - buy now during the plateau.<BR/><BR/>word: odhrmakoJoel Garryhttps://www.blogger.com/profile/13325061229393838224noreply@blogger.comtag:blogger.com,1999:blog-11462313.post-1163536990075368292006-11-14T12:43:00.000-08:002006-11-14T12:43:00.000-08:00Of course compared to SO. CAl (or any Cal for that...Of course compared to SO. CAl (or any Cal for that matter) priced here are cheap. A house equivilent to mine is going for about 260-300K depending on location.<BR/><BR/>MikeMikehttps://www.blogger.com/profile/06863836374532649517noreply@blogger.comtag:blogger.com,1999:blog-11462313.post-1163528461269974852006-11-14T10:21:00.000-08:002006-11-14T10:21:00.000-08:00It is sad especially here in southern California w...It is sad especially here in southern California where I currently live that one cannot afford a real decent home even on a six figure Oracle salary! I do not want to pay 300 grand for a glorified apartment. Hmm.. maybe I need to move to a place like South Carolina, Oklahoma, Texas or Nebraska to buy a place!skymasterhttps://www.blogger.com/profile/00326519060051833791noreply@blogger.comtag:blogger.com,1999:blog-11462313.post-1163437836644590202006-11-13T09:10:00.000-08:002006-11-13T09:10:00.000-08:00It is the old reduce benefits until people refuse ...It is the old reduce benefits until people refuse to pay inflated costs for deflated value, then "rediscover" the right way...Mikehttps://www.blogger.com/profile/06863836374532649517noreply@blogger.comtag:blogger.com,1999:blog-11462313.post-1163398291757711072006-11-12T22:11:00.000-08:002006-11-12T22:11:00.000-08:00too true...and it's not just Stateside.Here we got...too true...<BR/>and it's not just Stateside.<BR/>Here we got precisely the same problem!Noonshttps://www.blogger.com/profile/07694829378563989648noreply@blogger.com