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carlsbadworker.
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April 24, 2009 at 4:26 PM #387560April 24, 2009 at 8:49 PM #386962
HarryBosch
Participanteclipse, et.al.,
Like I said, I post data “points” – not saying a trend, just data points.
I’ll also admit that my perspective is not so rosy. Not having a good time this week.
The company I work at just informed us that our Q1 commissions will be $0. Not just mine but all the other sales support like myself. The sales reps I work with are only at 30-40% of their first half goals. I keep talking to my customer base – large companies with budgets in the 100s of millions. They’ve all been putting their buys on hold. They are also worried about their jobs, budgets and their companies.
Its a rippling effect – this non-spending of $100’s of millions of dollars throughout the country – that we are seeing.
When companies stop paying commissions you know what’s around the corner – layoffs. And layoffs in a company that has over 300K employees ripples throughout the local economies.
My $40K in commissions that I enjoyed last year – on top of a upper income salary – will not make it into my local economy – Temecula.
My neighbor also works for a hi-tech company, similar size, similar revenue, similar income and he is also worried about layoffs.
That is why I dont think the unemployment picture and thus the housing situation is going to improve anytime soon. Wait until the big dominoes I am seeing begin to fall.
But again, these are only the data points I look at.
April 24, 2009 at 8:49 PM #387228Participanteclipse, et.al.,
Like I said, I post data “points” – not saying a trend, just data points.
I’ll also admit that my perspective is not so rosy. Not having a good time this week.
The company I work at just informed us that our Q1 commissions will be $0. Not just mine but all the other sales support like myself. The sales reps I work with are only at 30-40% of their first half goals. I keep talking to my customer base – large companies with budgets in the 100s of millions. They’ve all been putting their buys on hold. They are also worried about their jobs, budgets and their companies.
Its a rippling effect – this non-spending of $100’s of millions of dollars throughout the country – that we are seeing.
When companies stop paying commissions you know what’s around the corner – layoffs. And layoffs in a company that has over 300K employees ripples throughout the local economies.
My $40K in commissions that I enjoyed last year – on top of a upper income salary – will not make it into my local economy – Temecula.
My neighbor also works for a hi-tech company, similar size, similar revenue, similar income and he is also worried about layoffs.
That is why I dont think the unemployment picture and thus the housing situation is going to improve anytime soon. Wait until the big dominoes I am seeing begin to fall.
But again, these are only the data points I look at.
April 24, 2009 at 8:49 PM #387426Participanteclipse, et.al.,
Like I said, I post data “points” – not saying a trend, just data points.
I’ll also admit that my perspective is not so rosy. Not having a good time this week.
The company I work at just informed us that our Q1 commissions will be $0. Not just mine but all the other sales support like myself. The sales reps I work with are only at 30-40% of their first half goals. I keep talking to my customer base – large companies with budgets in the 100s of millions. They’ve all been putting their buys on hold. They are also worried about their jobs, budgets and their companies.
Its a rippling effect – this non-spending of $100’s of millions of dollars throughout the country – that we are seeing.
When companies stop paying commissions you know what’s around the corner – layoffs. And layoffs in a company that has over 300K employees ripples throughout the local economies.
My $40K in commissions that I enjoyed last year – on top of a upper income salary – will not make it into my local economy – Temecula.
My neighbor also works for a hi-tech company, similar size, similar revenue, similar income and he is also worried about layoffs.
That is why I dont think the unemployment picture and thus the housing situation is going to improve anytime soon. Wait until the big dominoes I am seeing begin to fall.
But again, these are only the data points I look at.
April 24, 2009 at 8:49 PM #387479Participanteclipse, et.al.,
Like I said, I post data “points” – not saying a trend, just data points.
I’ll also admit that my perspective is not so rosy. Not having a good time this week.
The company I work at just informed us that our Q1 commissions will be $0. Not just mine but all the other sales support like myself. The sales reps I work with are only at 30-40% of their first half goals. I keep talking to my customer base – large companies with budgets in the 100s of millions. They’ve all been putting their buys on hold. They are also worried about their jobs, budgets and their companies.
Its a rippling effect – this non-spending of $100’s of millions of dollars throughout the country – that we are seeing.
When companies stop paying commissions you know what’s around the corner – layoffs. And layoffs in a company that has over 300K employees ripples throughout the local economies.
My $40K in commissions that I enjoyed last year – on top of a upper income salary – will not make it into my local economy – Temecula.
My neighbor also works for a hi-tech company, similar size, similar revenue, similar income and he is also worried about layoffs.
That is why I dont think the unemployment picture and thus the housing situation is going to improve anytime soon. Wait until the big dominoes I am seeing begin to fall.
But again, these are only the data points I look at.
April 24, 2009 at 8:49 PM #387622Participanteclipse, et.al.,
Like I said, I post data “points” – not saying a trend, just data points.
I’ll also admit that my perspective is not so rosy. Not having a good time this week.
The company I work at just informed us that our Q1 commissions will be $0. Not just mine but all the other sales support like myself. The sales reps I work with are only at 30-40% of their first half goals. I keep talking to my customer base – large companies with budgets in the 100s of millions. They’ve all been putting their buys on hold. They are also worried about their jobs, budgets and their companies.
Its a rippling effect – this non-spending of $100’s of millions of dollars throughout the country – that we are seeing.
When companies stop paying commissions you know what’s around the corner – layoffs. And layoffs in a company that has over 300K employees ripples throughout the local economies.
My $40K in commissions that I enjoyed last year – on top of a upper income salary – will not make it into my local economy – Temecula.
My neighbor also works for a hi-tech company, similar size, similar revenue, similar income and he is also worried about layoffs.
That is why I dont think the unemployment picture and thus the housing situation is going to improve anytime soon. Wait until the big dominoes I am seeing begin to fall.
But again, these are only the data points I look at.
April 24, 2009 at 9:36 PM #386981eclipxe
ParticipantI understand your point Harry, and sorry to hear about your situation. I do think unemployment is going to be a problem but thankfully Temecula has decent access to both the San Diego and Orange County job markets. This effectively doubles your search radius if you do in fact get laid off. I haven’t heard of too many local firms with major layoffs. And hey, gas isn’t $10/gal as predicted so we aren’t so doomed out here like many hoped!
Tech is holding strong. We (Fortune 500 with a handful of Temecula locals) just hired additional developers for a new product. Some of my old college buddies that moved out of So Cal 3-5 years ago because of housing are moving back and starting up new software ventures. Recessions and hardship bring innovation and progress. In fact, I’ve been motivated to expand my side IT consulting business and hire a few local people this summer. It’s my way of trying to do my (small) part for the area and hopefully create additional revenue streams for myself. There’s always opportunity out there and sometimes losing a job or a home is just the kick in the ass we need to try something new and exciting.
But then again my perspective is usually glass half full so take that as you wish.
April 24, 2009 at 9:36 PM #387249ParticipantI understand your point Harry, and sorry to hear about your situation. I do think unemployment is going to be a problem but thankfully Temecula has decent access to both the San Diego and Orange County job markets. This effectively doubles your search radius if you do in fact get laid off. I haven’t heard of too many local firms with major layoffs. And hey, gas isn’t $10/gal as predicted so we aren’t so doomed out here like many hoped!
Tech is holding strong. We (Fortune 500 with a handful of Temecula locals) just hired additional developers for a new product. Some of my old college buddies that moved out of So Cal 3-5 years ago because of housing are moving back and starting up new software ventures. Recessions and hardship bring innovation and progress. In fact, I’ve been motivated to expand my side IT consulting business and hire a few local people this summer. It’s my way of trying to do my (small) part for the area and hopefully create additional revenue streams for myself. There’s always opportunity out there and sometimes losing a job or a home is just the kick in the ass we need to try something new and exciting.
But then again my perspective is usually glass half full so take that as you wish.
April 24, 2009 at 9:36 PM #387447ParticipantI understand your point Harry, and sorry to hear about your situation. I do think unemployment is going to be a problem but thankfully Temecula has decent access to both the San Diego and Orange County job markets. This effectively doubles your search radius if you do in fact get laid off. I haven’t heard of too many local firms with major layoffs. And hey, gas isn’t $10/gal as predicted so we aren’t so doomed out here like many hoped!
Tech is holding strong. We (Fortune 500 with a handful of Temecula locals) just hired additional developers for a new product. Some of my old college buddies that moved out of So Cal 3-5 years ago because of housing are moving back and starting up new software ventures. Recessions and hardship bring innovation and progress. In fact, I’ve been motivated to expand my side IT consulting business and hire a few local people this summer. It’s my way of trying to do my (small) part for the area and hopefully create additional revenue streams for myself. There’s always opportunity out there and sometimes losing a job or a home is just the kick in the ass we need to try something new and exciting.
But then again my perspective is usually glass half full so take that as you wish.
April 24, 2009 at 9:36 PM #387499ParticipantI understand your point Harry, and sorry to hear about your situation. I do think unemployment is going to be a problem but thankfully Temecula has decent access to both the San Diego and Orange County job markets. This effectively doubles your search radius if you do in fact get laid off. I haven’t heard of too many local firms with major layoffs. And hey, gas isn’t $10/gal as predicted so we aren’t so doomed out here like many hoped!
Tech is holding strong. We (Fortune 500 with a handful of Temecula locals) just hired additional developers for a new product. Some of my old college buddies that moved out of So Cal 3-5 years ago because of housing are moving back and starting up new software ventures. Recessions and hardship bring innovation and progress. In fact, I’ve been motivated to expand my side IT consulting business and hire a few local people this summer. It’s my way of trying to do my (small) part for the area and hopefully create additional revenue streams for myself. There’s always opportunity out there and sometimes losing a job or a home is just the kick in the ass we need to try something new and exciting.
But then again my perspective is usually glass half full so take that as you wish.
April 24, 2009 at 9:36 PM #387642ParticipantI understand your point Harry, and sorry to hear about your situation. I do think unemployment is going to be a problem but thankfully Temecula has decent access to both the San Diego and Orange County job markets. This effectively doubles your search radius if you do in fact get laid off. I haven’t heard of too many local firms with major layoffs. And hey, gas isn’t $10/gal as predicted so we aren’t so doomed out here like many hoped!
Tech is holding strong. We (Fortune 500 with a handful of Temecula locals) just hired additional developers for a new product. Some of my old college buddies that moved out of So Cal 3-5 years ago because of housing are moving back and starting up new software ventures. Recessions and hardship bring innovation and progress. In fact, I’ve been motivated to expand my side IT consulting business and hire a few local people this summer. It’s my way of trying to do my (small) part for the area and hopefully create additional revenue streams for myself. There’s always opportunity out there and sometimes losing a job or a home is just the kick in the ass we need to try something new and exciting.
But then again my perspective is usually glass half full so take that as you wish.
April 25, 2009 at 9:22 AM #387067ralphfurley
Participant[quote=temeculaguy]So I’m calling Temecula’s bottom right now! I’ve never called it before but I’m calling it now… I’ve watched my micromarket more than anyone I have ever met even though I am not in the industry and I say that when the supposed shadow inventory does hit this summer as many believe it will, that will be your last chance. If the government prevents it from hitting, then you missed it, that’s my final answer.[/quote]
Bold statement. I think there are too many variables to call it right now, but maybe I worry too much. Gas skyrocketing, higher unemployment, Glen Beck being right about anything…Should be interesting. We’ll see.
April 25, 2009 at 9:22 AM #387335Participant[quote=temeculaguy]So I’m calling Temecula’s bottom right now! I’ve never called it before but I’m calling it now… I’ve watched my micromarket more than anyone I have ever met even though I am not in the industry and I say that when the supposed shadow inventory does hit this summer as many believe it will, that will be your last chance. If the government prevents it from hitting, then you missed it, that’s my final answer.[/quote]
Bold statement. I think there are too many variables to call it right now, but maybe I worry too much. Gas skyrocketing, higher unemployment, Glen Beck being right about anything…Should be interesting. We’ll see.
April 25, 2009 at 9:22 AM #387536Participant[quote=temeculaguy]So I’m calling Temecula’s bottom right now! I’ve never called it before but I’m calling it now… I’ve watched my micromarket more than anyone I have ever met even though I am not in the industry and I say that when the supposed shadow inventory does hit this summer as many believe it will, that will be your last chance. If the government prevents it from hitting, then you missed it, that’s my final answer.[/quote]
Bold statement. I think there are too many variables to call it right now, but maybe I worry too much. Gas skyrocketing, higher unemployment, Glen Beck being right about anything…Should be interesting. We’ll see.
April 25, 2009 at 9:22 AM #387588Participant[quote=temeculaguy]So I’m calling Temecula’s bottom right now! I’ve never called it before but I’m calling it now… I’ve watched my micromarket more than anyone I have ever met even though I am not in the industry and I say that when the supposed shadow inventory does hit this summer as many believe it will, that will be your last chance. If the government prevents it from hitting, then you missed it, that’s my final answer.[/quote]
Bold statement. I think there are too many variables to call it right now, but maybe I worry too much. Gas skyrocketing, higher unemployment, Glen Beck being right about anything…Should be interesting. We’ll see.
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