May Shoe Just DROPPED !

[Anonymous]

Using data going back to ’88, sales of resale homes in San Diego have been, on average, 2% higher in April than in March.

So, an April drop is noteworthy.

May sales have been, on average, 2% higher than April. Peak is in June, which have been, on average, 10% higher than May.

[little lady]

“First 2 weeks in May county wide numbers are down about 30%. After late reporters I’d expect to see volume is down 20%.”

Thanks, I can’t wait till the fall! Do have any assumptions on what will happen then? I keep reading that it might pick up then. Though I find it hard to believe.

[little lady]

“First 2 weeks in May county wide numbers are down about 30%. After late reporters I’d expect to see volume is down 20%.”

Thanks, I can’t wait till the fall! Do have any assumptions on what will happen then? I keep reading that it might pick up then. Though I find it hard to believe.

[ibjames]

I imagine the fall to cool off even more, school is starting, people usually do not want to move. They want to be in place before fall.

[ibjames]

I imagine the fall to cool off even more, school is starting, people usually do not want to move. They want to be in place before fall.

[4plexowner]

Rumor has it that IBM is about to announce layoffs of 150,000 people in the US

The recent purchase of Chrysler is likely to result in significant layoffs

George Ure at http://www.urbansurvival.com is expecting the public’s awareness of unemployment to jump significantly this summer and fall

Negative sentiment / worry over the job situation in this country is not going to help the housing market

[4plexowner]

Rumor has it that IBM is about to announce layoffs of 150,000 people in the US

The recent purchase of Chrysler is likely to result in significant layoffs

George Ure at http://www.urbansurvival.com is expecting the public’s awareness of unemployment to jump significantly this summer and fall

Negative sentiment / worry over the job situation in this country is not going to help the housing market

[NotCranky]

Today my wife and I were discussing goals..I wonder to myself. Why did we end up on this topic…. What is the difference between a recession a depression and aramageddon? LOL. My ignorance at this point is not comforting!Time to get a good book or start talking with some really old people I guess.

Thanks for your work latesummer.
Does the late summer 08 imply that you are forcasting to buy then or that it is when you think the macaroni hits the fan?

[NotCranky]

Today my wife and I were discussing goals..I wonder to myself. Why did we end up on this topic…. What is the difference between a recession a depression and aramageddon? LOL. My ignorance at this point is not comforting!Time to get a good book or start talking with some really old people I guess.

Thanks for your work latesummer.
Does the late summer 08 imply that you are forcasting to buy then or that it is when you think the macaroni hits the fan?

[4plexowner]

Rustico – read “Creature from Jekyll Island: A Second Look at the Federal Reserve”, by G. Edward Griffin

This book should be required reading for all Americans and is definitely required reading for anyone who wants to understand how our economy works

Don’t be intimidated by the size of this book – each chapter and section has an overview and summary – the author offers a quick reading guide that allows the reader to get an overview of this book in a few hours of reading

We need to get enough Americans to understand how the economy works so we can do something about it (abolish the Federal Reserve) – right now, most Americans think the Federal Reserve is part of the government and that the Federal Reserve has the best interests of Americans at heart – reality is that the Federal Reserve is a criminal organization that was legalized in 1913 by hood-winking the Congress

Read this book if you are really interested in understanding how our economy works

[4plexowner]

Rustico – read “Creature from Jekyll Island: A Second Look at the Federal Reserve”, by G. Edward Griffin

This book should be required reading for all Americans and is definitely required reading for anyone who wants to understand how our economy works

Don’t be intimidated by the size of this book – each chapter and section has an overview and summary – the author offers a quick reading guide that allows the reader to get an overview of this book in a few hours of reading

We need to get enough Americans to understand how the economy works so we can do something about it (abolish the Federal Reserve) – right now, most Americans think the Federal Reserve is part of the government and that the Federal Reserve has the best interests of Americans at heart – reality is that the Federal Reserve is a criminal organization that was legalized in 1913 by hood-winking the Congress

Read this book if you are really interested in understanding how our economy works

[NotCranky]

4plex,
Thanks I have tackled some difficult books on other subject matter. I guess I have half a brain for almost any topic. Is that a good enough starting point for this Recommendation of yours?

[NotCranky]

4plex,
Thanks I have tackled some difficult books on other subject matter. I guess I have half a brain for almost any topic. Is that a good enough starting point for this Recommendation of yours?

[latesummer2008]

Late Summer 2008 is my prediction for the first buying opportunity on the WESTSIDE of LOS ANGELES. I will stick by that prediction. IMHO, I believe the price declines will be QUICKER and DEEPER, than most think.

Why ?

1)Market peaked in Late Summer 2005 (3 years time)
2)Once panic sets in it will be a BLOODBATH.
3)We will drag along the bottom for 2-3 MORE years (2011)
4)Late Summer 2008 will be the WORST of WORST, before bottom fishers start nibbling.
5)Different areas may start earlier or later, depending when their market peaked.

Any other predictions ?

http://westsideremeltdown.blogspot.com

[latesummer2008]

Late Summer 2008 is my prediction for the first buying opportunity on the WESTSIDE of LOS ANGELES. I will stick by that prediction. IMHO, I believe the price declines will be QUICKER and DEEPER, than most think.

Why ?

1)Market peaked in Late Summer 2005 (3 years time)
2)Once panic sets in it will be a BLOODBATH.
3)We will drag along the bottom for 2-3 MORE years (2011)
4)Late Summer 2008 will be the WORST of WORST, before bottom fishers start nibbling.
5)Different areas may start earlier or later, depending when their market peaked.

Any other predictions ?

http://westsideremeltdown.blogspot.com

[Author]

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