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SD Realtor.
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November 11, 2008 at 10:44 AM #303096November 11, 2008 at 10:52 AM #302659
peterb
ParticipantEmployment is not a birth right. This will become more painfully obvious in 2009. For the people that stayed careful and did not over extend themselves, this is your time. I still remember that the last RE dump started in 1990 and by 1995 you could get great deals. This contraction is looking way worse. So I’d say if this started around 2006, then by 2011, there will be very good deals to be had. Buy all cash and be done with it. Of course, there’s always the state of CA to screw you with taxes. That’s the big unknown going forward. IMO
November 11, 2008 at 10:52 AM #303023peterb
ParticipantEmployment is not a birth right. This will become more painfully obvious in 2009. For the people that stayed careful and did not over extend themselves, this is your time. I still remember that the last RE dump started in 1990 and by 1995 you could get great deals. This contraction is looking way worse. So I’d say if this started around 2006, then by 2011, there will be very good deals to be had. Buy all cash and be done with it. Of course, there’s always the state of CA to screw you with taxes. That’s the big unknown going forward. IMO
November 11, 2008 at 10:52 AM #303032peterb
ParticipantEmployment is not a birth right. This will become more painfully obvious in 2009. For the people that stayed careful and did not over extend themselves, this is your time. I still remember that the last RE dump started in 1990 and by 1995 you could get great deals. This contraction is looking way worse. So I’d say if this started around 2006, then by 2011, there will be very good deals to be had. Buy all cash and be done with it. Of course, there’s always the state of CA to screw you with taxes. That’s the big unknown going forward. IMO
November 11, 2008 at 10:52 AM #303050peterb
ParticipantEmployment is not a birth right. This will become more painfully obvious in 2009. For the people that stayed careful and did not over extend themselves, this is your time. I still remember that the last RE dump started in 1990 and by 1995 you could get great deals. This contraction is looking way worse. So I’d say if this started around 2006, then by 2011, there will be very good deals to be had. Buy all cash and be done with it. Of course, there’s always the state of CA to screw you with taxes. That’s the big unknown going forward. IMO
November 11, 2008 at 10:52 AM #303106peterb
ParticipantEmployment is not a birth right. This will become more painfully obvious in 2009. For the people that stayed careful and did not over extend themselves, this is your time. I still remember that the last RE dump started in 1990 and by 1995 you could get great deals. This contraction is looking way worse. So I’d say if this started around 2006, then by 2011, there will be very good deals to be had. Buy all cash and be done with it. Of course, there’s always the state of CA to screw you with taxes. That’s the big unknown going forward. IMO
November 11, 2008 at 11:25 AM #302695kewp
ParticipantThe safe jobs are, generally speaking, in government. All levels, state, local, federal, military, are virtually immune to the tribulations the private sector employees are about to go through.
I work for the UC system; largely because I anticipated this economic meltdown a few years ago and wanted to get locked into something stable (with good benefits) until it was over.
Well, we just got word that in addition to having a salary freeze this year, we got hit with an additional mid-cycle budget cut. To top it off our pension fund is down almost 25% and we are looking at having to begin contributions again next year.
And, as FLUW mentioned, we are only in round two of this thing.
At this point I don’t think any job is *safe* and would not be surprised at all if we had lay-offs (though I feel my position is safe).
Funny enough, I still get a few pings a month from recruiters, so there is some evidence that there will always be jobs out there for good people.
November 11, 2008 at 11:25 AM #303057kewp
ParticipantThe safe jobs are, generally speaking, in government. All levels, state, local, federal, military, are virtually immune to the tribulations the private sector employees are about to go through.
I work for the UC system; largely because I anticipated this economic meltdown a few years ago and wanted to get locked into something stable (with good benefits) until it was over.
Well, we just got word that in addition to having a salary freeze this year, we got hit with an additional mid-cycle budget cut. To top it off our pension fund is down almost 25% and we are looking at having to begin contributions again next year.
And, as FLUW mentioned, we are only in round two of this thing.
At this point I don’t think any job is *safe* and would not be surprised at all if we had lay-offs (though I feel my position is safe).
Funny enough, I still get a few pings a month from recruiters, so there is some evidence that there will always be jobs out there for good people.
November 11, 2008 at 11:25 AM #303068kewp
ParticipantThe safe jobs are, generally speaking, in government. All levels, state, local, federal, military, are virtually immune to the tribulations the private sector employees are about to go through.
I work for the UC system; largely because I anticipated this economic meltdown a few years ago and wanted to get locked into something stable (with good benefits) until it was over.
Well, we just got word that in addition to having a salary freeze this year, we got hit with an additional mid-cycle budget cut. To top it off our pension fund is down almost 25% and we are looking at having to begin contributions again next year.
And, as FLUW mentioned, we are only in round two of this thing.
At this point I don’t think any job is *safe* and would not be surprised at all if we had lay-offs (though I feel my position is safe).
Funny enough, I still get a few pings a month from recruiters, so there is some evidence that there will always be jobs out there for good people.
November 11, 2008 at 11:25 AM #303085kewp
ParticipantThe safe jobs are, generally speaking, in government. All levels, state, local, federal, military, are virtually immune to the tribulations the private sector employees are about to go through.
I work for the UC system; largely because I anticipated this economic meltdown a few years ago and wanted to get locked into something stable (with good benefits) until it was over.
Well, we just got word that in addition to having a salary freeze this year, we got hit with an additional mid-cycle budget cut. To top it off our pension fund is down almost 25% and we are looking at having to begin contributions again next year.
And, as FLUW mentioned, we are only in round two of this thing.
At this point I don’t think any job is *safe* and would not be surprised at all if we had lay-offs (though I feel my position is safe).
Funny enough, I still get a few pings a month from recruiters, so there is some evidence that there will always be jobs out there for good people.
November 11, 2008 at 11:25 AM #303141kewp
ParticipantThe safe jobs are, generally speaking, in government. All levels, state, local, federal, military, are virtually immune to the tribulations the private sector employees are about to go through.
I work for the UC system; largely because I anticipated this economic meltdown a few years ago and wanted to get locked into something stable (with good benefits) until it was over.
Well, we just got word that in addition to having a salary freeze this year, we got hit with an additional mid-cycle budget cut. To top it off our pension fund is down almost 25% and we are looking at having to begin contributions again next year.
And, as FLUW mentioned, we are only in round two of this thing.
At this point I don’t think any job is *safe* and would not be surprised at all if we had lay-offs (though I feel my position is safe).
Funny enough, I still get a few pings a month from recruiters, so there is some evidence that there will always be jobs out there for good people.
November 11, 2008 at 11:59 AM #302705peterb
ParticipantThinking one is safe from unemployment because of working for the govt is dangerous at this time. This aint your dads recession. More like Grandpa’s depression. But tolerance from the masses is not part of the world anymore. People take action these days and if they see taxes rising and people in govt with jobs when they cant get work, there will be a price to pay for this.
November 11, 2008 at 11:59 AM #303067peterb
ParticipantThinking one is safe from unemployment because of working for the govt is dangerous at this time. This aint your dads recession. More like Grandpa’s depression. But tolerance from the masses is not part of the world anymore. People take action these days and if they see taxes rising and people in govt with jobs when they cant get work, there will be a price to pay for this.
November 11, 2008 at 11:59 AM #303079peterb
ParticipantThinking one is safe from unemployment because of working for the govt is dangerous at this time. This aint your dads recession. More like Grandpa’s depression. But tolerance from the masses is not part of the world anymore. People take action these days and if they see taxes rising and people in govt with jobs when they cant get work, there will be a price to pay for this.
November 11, 2008 at 11:59 AM #303095peterb
ParticipantThinking one is safe from unemployment because of working for the govt is dangerous at this time. This aint your dads recession. More like Grandpa’s depression. But tolerance from the masses is not part of the world anymore. People take action these days and if they see taxes rising and people in govt with jobs when they cant get work, there will be a price to pay for this.
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