I was astonished as to how overpriced it was. They offered me close to $50K more in salary to move there (including moving expenses).

I did not take the offer because I was scared to death I'll buy a house and it may drop 30% from there, wiping out whatever I'll make extra in salary.

In retrospect, I was right (and lucky), although I was not sure at the time.

Like anything else, it will eventually turn around, it is just that people's money is tied up in their homes and cannot do much with it at this time. It is very unfortunate.

time123
P.S. I get my timing signals at http://invetrics.com

As the saying goes: “The cure for high oil prices might be higher oil prices”. What price of oil will take for US to restructure its economy by taking advantage of its newly found vast natural gas reserves. I am aware that safety of horizontal drilling has been a major theme of concern, but further and more in depth investigation is needed.

I've noticed that you don't believe that the recent trend of deleveraging and higher consumer's savings is likely to continue. What's your thesis? Higher inflation in some major assets will rob the purchasing power of consumers and even if they want, they won't be able to afford to save more without taking a serious hit on their standard of living?

As the saying goes: “The cure for high oil prices might be higher oil prices”. What price of oil will take for US to restructure its economy by taking advantage of its newly found vast natural gas reserves. I am aware that safety of horizontal drilling has been a major theme of concern, but further and more in depth investigation is needed.

I've noticed that you don't believe that the recent trend of deleveraging and higher consumer's savings is likely to continue. What's your thesis? Higher inflation in some major assets will rob the purchasing power of consumers and even if they want, they won't be able to afford to save more without taking a serious hit on their standard of living?

As the saying goes: “The cure for high oil prices might be higher oil prices”. What price of oil will take for US to restructure its economy by taking advantage of its newly found vast natural gas reserves. I am aware that safety of horizontal drilling has been a major theme of concern, but further and more in depth investigation is needed.

I've noticed that you don't believe that the recent trend of deleveraging and higher consumer's savings is likely to continue. What's your thesis? Higher inflation in some major assets will rob the purchasing power of consumers and even if they want, they won't be able to afford to save more without taking a serious hit on their standard of living?