For Stop the Bubble Hype from SD Realtor

[Anonymous]

Oh, and my apologies to ‘Gunny Honey’ (PD) for getting off topic.

Me culpa. Oh, wait, that almost implies Latin Mass. Nevermind.

[Allan from Fallbrook]

JG, this is completely off topic, but being of German descent (and hearing your reference to the French propensity to surrender), I have a joke that generally really tweaks the French that I can’t resist telling.

Q: Why are there trees on the Champs Elysee?

A: Because the Wehrmacht likes to march in the shade!

Now back to our regularly scheduled programming.

[Allan from Fallbrook]

JG, this is completely off topic, but being of German descent (and hearing your reference to the French propensity to surrender), I have a joke that generally really tweaks the French that I can’t resist telling.

Q: Why are there trees on the Champs Elysee?

A: Because the Wehrmacht likes to march in the shade!

Now back to our regularly scheduled programming.

[Anonymous]

Excellent one!

[Anonymous]

Excellent one!

[Allan from Fallbrook]

Danke.

I’ll now curb the Teutonic humor; it tends to bother the PC crowd.

[Allan from Fallbrook]

Danke.

I’ll now curb the Teutonic humor; it tends to bother the PC crowd.

[Anonymous]

Don’t forget to take off your monocle, too!

[Anonymous]

Don’t forget to take off your monocle, too!

[Allan from Fallbrook]

I’ll dump the monocle, but I’m keeping my spiked helmet and my fencing scar!

[Allan from Fallbrook]

I’ll dump the monocle, but I’m keeping my spiked helmet and my fencing scar!

[cashflow]

you are all educating me on the financial market and debacle that could take place…I do find it worrisome as to how this will affect the overall economy.

JG,
I read the article you posted as I grew up in the Chicago burbs and am very familiar with Barrington area.

Being a Gen Xer, it is very clear to us that job stability/security ‘ain’t what it used to be’. My husband and I both were downsized by the last tech bust (company in Irvine we both worked for went from over 3k employees to about 500-700 within 3 years).

What this article shows is that the majority of people have experienced job instability and you would think this would have a major impact on psychology…even a small hiccup in the economy/wall street markets and spending will pull back-i.e. recession.

Our experience at such a young age taught us many lessons that I am grateful for. This is why we are very conservative with our housing position and hope to pay off a home sooner rather than later…if the worst case scenario plays out in the economy, we would like to weather the storm with a roof over our heads.

[cashflow]

you are all educating me on the financial market and debacle that could take place…I do find it worrisome as to how this will affect the overall economy.

JG,
I read the article you posted as I grew up in the Chicago burbs and am very familiar with Barrington area.

Being a Gen Xer, it is very clear to us that job stability/security ‘ain’t what it used to be’. My husband and I both were downsized by the last tech bust (company in Irvine we both worked for went from over 3k employees to about 500-700 within 3 years).

What this article shows is that the majority of people have experienced job instability and you would think this would have a major impact on psychology…even a small hiccup in the economy/wall street markets and spending will pull back-i.e. recession.

Our experience at such a young age taught us many lessons that I am grateful for. This is why we are very conservative with our housing position and hope to pay off a home sooner rather than later…if the worst case scenario plays out in the economy, we would like to weather the storm with a roof over our heads.

[JWM in SD]

Well how about that, I also grew up in the Chicago Suburbs…on the south side though near Orland Park but worked near Barrington (Hoffman Estates) for a while.

I also went through the layoff experience as well a few years ago. I was laid off 2 times in a row. Once from a Tier 1 automotive component manufacturer whose initials are BW (let’s see who can figure that out) and at my next job at Conagra in Downers Grove. I had only been at the Conagra job for about 2 months when one day they brought all 150 of us in the division HQ there into a conference room and told us that they intended to move that HQ to Omaha, NE where the corporate HQ was at in order to lower overhead costs!!!! Gee, you think they knew that was in the works when the CFO of that division hired me??? Unbelieveable.

In the end it worked out for my wife and I because it turned that Conagra was quite generous with their severance package and I found a much better job here in San Diego.

Even though things worked out for me in the end, it still taught me to be very conservative with debt, spending, risk mitigation. Now my wife and I keep at least 6 months of minimum expenses in reserve (cash). That experience between 03 and 04 really changed my perspective on life quite a bit and might have been the reason I sensed something wrong with the housing market here in SD when we moved here in the Fall of 04…at the height of the madness.

[JWM in SD]

Well how about that, I also grew up in the Chicago Suburbs…on the south side though near Orland Park but worked near Barrington (Hoffman Estates) for a while.

I also went through the layoff experience as well a few years ago. I was laid off 2 times in a row. Once from a Tier 1 automotive component manufacturer whose initials are BW (let’s see who can figure that out) and at my next job at Conagra in Downers Grove. I had only been at the Conagra job for about 2 months when one day they brought all 150 of us in the division HQ there into a conference room and told us that they intended to move that HQ to Omaha, NE where the corporate HQ was at in order to lower overhead costs!!!! Gee, you think they knew that was in the works when the CFO of that division hired me??? Unbelieveable.

In the end it worked out for my wife and I because it turned that Conagra was quite generous with their severance package and I found a much better job here in San Diego.

Even though things worked out for me in the end, it still taught me to be very conservative with debt, spending, risk mitigation. Now my wife and I keep at least 6 months of minimum expenses in reserve (cash). That experience between 03 and 04 really changed my perspective on life quite a bit and might have been the reason I sensed something wrong with the housing market here in SD when we moved here in the Fall of 04…at the height of the madness.

[Author]

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