- This topic has 398 replies, 66 voices, and was last updated 2 years, 7 months ago by
The-Shoveler.
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July 3, 2007 at 2:48 PM #63683July 3, 2007 at 2:48 PM #63737
(former)FormerSanDiegan
ParticipantOh, you forgot one other thing.
Everyone is getting 20-50% raises, so salaries are finally catching up with RE prices.July 3, 2007 at 2:52 PM #63688poorgradstudent
ParticipantTarget… Trader Joe’s… Costco… anyone see a pattern to these stores? “Discount Retailers”? Good job!
The upper middle class notoriously shifts its spending behaviors from mall-type stores to discount stores as the economy slows. When more $100K+ gross income familes start shopping at Target or CostCo, it says something about the economy.
I don’t think real estate prices are going to collapse, but it’s obvious to anyone who looks at a chart of inflation adjusted prices from the last 50+ years that real estate prices cycle. I just hope the bottom happens right around when my girlfriend and I have saved enough to buy! 😉
July 3, 2007 at 2:52 PM #63743ParticipantTarget… Trader Joe’s… Costco… anyone see a pattern to these stores? “Discount Retailers”? Good job!
The upper middle class notoriously shifts its spending behaviors from mall-type stores to discount stores as the economy slows. When more $100K+ gross income familes start shopping at Target or CostCo, it says something about the economy.
I don’t think real estate prices are going to collapse, but it’s obvious to anyone who looks at a chart of inflation adjusted prices from the last 50+ years that real estate prices cycle. I just hope the bottom happens right around when my girlfriend and I have saved enough to buy! 😉
July 3, 2007 at 3:40 PM #63698POZ
Participantscruffydog,
You sound to me like someone who has a “Kool-aid” fountain installed at home. Are you sure your “real” name isnt David Lereah?
July 3, 2007 at 3:40 PM #63753Participantscruffydog,
You sound to me like someone who has a “Kool-aid” fountain installed at home. Are you sure your “real” name isnt David Lereah?
July 3, 2007 at 4:34 PM #63708sdduuuude
ParticipantThis is someone who is looking at the current state of the market, rather than analyzing market conditions to understand what will happen in the future.
July 3, 2007 at 4:34 PM #63763ParticipantThis is someone who is looking at the current state of the market, rather than analyzing market conditions to understand what will happen in the future.
July 3, 2007 at 4:36 PM #63710kev374
ParticipantThe RE market is totally dead! My cousins have been Mortgage Brokers for the last 15 years and they tell me it’s never ever been so bad, not even in the 90s. Infact, they are having hard time getting enough business to cover their overheads. 2 other people I know, also Loan Officers, tell me the same thing. You better do some more research on this topic.
July 3, 2007 at 4:36 PM #63765ParticipantThe RE market is totally dead! My cousins have been Mortgage Brokers for the last 15 years and they tell me it’s never ever been so bad, not even in the 90s. Infact, they are having hard time getting enough business to cover their overheads. 2 other people I know, also Loan Officers, tell me the same thing. You better do some more research on this topic.
July 3, 2007 at 4:47 PM #63714BuyerWillEPB
ParticipantOh dear God! Somebody PLEASE cache this fools post.
We absolutely MUST check back on this one in 6 months to a year from now.
This is gonna be Classic!
July 3, 2007 at 4:47 PM #63769ParticipantOh dear God! Somebody PLEASE cache this fools post.
We absolutely MUST check back on this one in 6 months to a year from now.
This is gonna be Classic!
July 3, 2007 at 4:54 PM #63718JJGittes
ParticipantYeah, it reads like it was written by an NAR shill, but the above responses could have been (and more or less were)written on this site 18 months ago. The downturn in the good areas (n county coastal anyone?) has been pretty slow.
I can’t comment on OC or the decent westside LA areas (are there any left?).
July 3, 2007 at 4:54 PM #63773ParticipantYeah, it reads like it was written by an NAR shill, but the above responses could have been (and more or less were)written on this site 18 months ago. The downturn in the good areas (n county coastal anyone?) has been pretty slow.
I can’t comment on OC or the decent westside LA areas (are there any left?).
July 3, 2007 at 5:00 PM #63722scruffydog
ParticipantI did not state that everyone should run out and buy real estate today – unless you love the property and are going to live in it awhile. I’m guessing we are at a cycle peak – prices will be flat for awhile. What I am trying to convey is that the market will NOT collapse as many of you want. The economy and most importantly the job market remain very healthy and wishing it were not so will not change reality.
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