Home › Forums › Housing › “The Worst Is Yet to Come”: If You’re Not Petrified, You’re Not Paying Attention”
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May 17, 2009 at 8:59 AM #401145May 17, 2009 at 9:33 AM #400485Rt.66Participant
Wise words again from Allen, well said.
PadreBrian and SD Realtor this is not a gloomers only post. Weigh in with something a little more substantive than a drive-by, or be funnier:)
“What’s your take? If you are sunny positive thinker….where are the jobs going to come from? What will stop the downward slide in housing and CRE? How many folks are gonna keep paying on a house $200k-$500k upside down? How long will they keep paying? How many foreclosures does it take to break the bank?”
I’ll add:
How long can we keep buying our stuff from other countries, on credit, before we decide that our National budget deficit is too high?
May 17, 2009 at 9:33 AM #400734Rt.66ParticipantWise words again from Allen, well said.
PadreBrian and SD Realtor this is not a gloomers only post. Weigh in with something a little more substantive than a drive-by, or be funnier:)
“What’s your take? If you are sunny positive thinker….where are the jobs going to come from? What will stop the downward slide in housing and CRE? How many folks are gonna keep paying on a house $200k-$500k upside down? How long will they keep paying? How many foreclosures does it take to break the bank?”
I’ll add:
How long can we keep buying our stuff from other countries, on credit, before we decide that our National budget deficit is too high?
May 17, 2009 at 9:33 AM #400969Rt.66ParticipantWise words again from Allen, well said.
PadreBrian and SD Realtor this is not a gloomers only post. Weigh in with something a little more substantive than a drive-by, or be funnier:)
“What’s your take? If you are sunny positive thinker….where are the jobs going to come from? What will stop the downward slide in housing and CRE? How many folks are gonna keep paying on a house $200k-$500k upside down? How long will they keep paying? How many foreclosures does it take to break the bank?”
I’ll add:
How long can we keep buying our stuff from other countries, on credit, before we decide that our National budget deficit is too high?
May 17, 2009 at 9:33 AM #401025Rt.66ParticipantWise words again from Allen, well said.
PadreBrian and SD Realtor this is not a gloomers only post. Weigh in with something a little more substantive than a drive-by, or be funnier:)
“What’s your take? If you are sunny positive thinker….where are the jobs going to come from? What will stop the downward slide in housing and CRE? How many folks are gonna keep paying on a house $200k-$500k upside down? How long will they keep paying? How many foreclosures does it take to break the bank?”
I’ll add:
How long can we keep buying our stuff from other countries, on credit, before we decide that our National budget deficit is too high?
May 17, 2009 at 9:33 AM #401175Rt.66ParticipantWise words again from Allen, well said.
PadreBrian and SD Realtor this is not a gloomers only post. Weigh in with something a little more substantive than a drive-by, or be funnier:)
“What’s your take? If you are sunny positive thinker….where are the jobs going to come from? What will stop the downward slide in housing and CRE? How many folks are gonna keep paying on a house $200k-$500k upside down? How long will they keep paying? How many foreclosures does it take to break the bank?”
I’ll add:
How long can we keep buying our stuff from other countries, on credit, before we decide that our National budget deficit is too high?
May 17, 2009 at 10:04 AM #400480ArrayaParticipantThe turkey gets fed everyday by his benevolent human owners. The cow says to the turkey “you better stop going back there because you are going to get killed”. The turkey says “you’re crazy, it happens the same everyday so it has to happen that way again.” “That is just the way things work, look at my charts of past feeding cycles, the same thing for recorded feeding history.” “Now please cow stop being such a pessimist”
-Improvisation of a Nassim Taleb quote
We have hugely expensive debt-addicted governments. Tax receipts are collapsing and a little birdie is squeaking about the debt spigot getting turned off.
Real unemployment will be passing 20% in short order.
The financial surrealism which has been at the heart of stock market trends, financial indicators and political commentaries in the past two months, is in fact the swan song of the referential framework within which the world has lived since 1945.
May 17, 2009 at 10:04 AM #400729ArrayaParticipantThe turkey gets fed everyday by his benevolent human owners. The cow says to the turkey “you better stop going back there because you are going to get killed”. The turkey says “you’re crazy, it happens the same everyday so it has to happen that way again.” “That is just the way things work, look at my charts of past feeding cycles, the same thing for recorded feeding history.” “Now please cow stop being such a pessimist”
-Improvisation of a Nassim Taleb quote
We have hugely expensive debt-addicted governments. Tax receipts are collapsing and a little birdie is squeaking about the debt spigot getting turned off.
Real unemployment will be passing 20% in short order.
The financial surrealism which has been at the heart of stock market trends, financial indicators and political commentaries in the past two months, is in fact the swan song of the referential framework within which the world has lived since 1945.
May 17, 2009 at 10:04 AM #400964ArrayaParticipantThe turkey gets fed everyday by his benevolent human owners. The cow says to the turkey “you better stop going back there because you are going to get killed”. The turkey says “you’re crazy, it happens the same everyday so it has to happen that way again.” “That is just the way things work, look at my charts of past feeding cycles, the same thing for recorded feeding history.” “Now please cow stop being such a pessimist”
-Improvisation of a Nassim Taleb quote
We have hugely expensive debt-addicted governments. Tax receipts are collapsing and a little birdie is squeaking about the debt spigot getting turned off.
Real unemployment will be passing 20% in short order.
The financial surrealism which has been at the heart of stock market trends, financial indicators and political commentaries in the past two months, is in fact the swan song of the referential framework within which the world has lived since 1945.
May 17, 2009 at 10:04 AM #401020ArrayaParticipantThe turkey gets fed everyday by his benevolent human owners. The cow says to the turkey “you better stop going back there because you are going to get killed”. The turkey says “you’re crazy, it happens the same everyday so it has to happen that way again.” “That is just the way things work, look at my charts of past feeding cycles, the same thing for recorded feeding history.” “Now please cow stop being such a pessimist”
-Improvisation of a Nassim Taleb quote
We have hugely expensive debt-addicted governments. Tax receipts are collapsing and a little birdie is squeaking about the debt spigot getting turned off.
Real unemployment will be passing 20% in short order.
The financial surrealism which has been at the heart of stock market trends, financial indicators and political commentaries in the past two months, is in fact the swan song of the referential framework within which the world has lived since 1945.
May 17, 2009 at 10:04 AM #401170ArrayaParticipantThe turkey gets fed everyday by his benevolent human owners. The cow says to the turkey “you better stop going back there because you are going to get killed”. The turkey says “you’re crazy, it happens the same everyday so it has to happen that way again.” “That is just the way things work, look at my charts of past feeding cycles, the same thing for recorded feeding history.” “Now please cow stop being such a pessimist”
-Improvisation of a Nassim Taleb quote
We have hugely expensive debt-addicted governments. Tax receipts are collapsing and a little birdie is squeaking about the debt spigot getting turned off.
Real unemployment will be passing 20% in short order.
The financial surrealism which has been at the heart of stock market trends, financial indicators and political commentaries in the past two months, is in fact the swan song of the referential framework within which the world has lived since 1945.
May 17, 2009 at 10:43 AM #400500Rt.66Participant[quote=Arraya]
We have hugely expensive debt-addicted governments. Tax receipts are collapsing and a little birdie is squeaking about the debt spigot getting turned off.Real unemployment will be passing 20% in short order.
[/quote]Tax revenues are a huge issue no doubt! Will the Gov. just print up the shortfall? What an odd concept huh?
I attended a grad cerimony for CSUSM yesterday and at just one of two cerimonies held that day for CSUSM there were a LOT of graduates. This is going on all over the country in every city. I could not help but think about the poor job climate they were entering. Not only are they adding to the available inventory of workers in a contracting market, 401ks being bankered into 200.5ks has dwindled the retirement ranks. More coming in and less going out.
I wonder how students seeking work are included in employment numbers? Anyway, its sad.
May 17, 2009 at 10:43 AM #400749Rt.66Participant[quote=Arraya]
We have hugely expensive debt-addicted governments. Tax receipts are collapsing and a little birdie is squeaking about the debt spigot getting turned off.Real unemployment will be passing 20% in short order.
[/quote]Tax revenues are a huge issue no doubt! Will the Gov. just print up the shortfall? What an odd concept huh?
I attended a grad cerimony for CSUSM yesterday and at just one of two cerimonies held that day for CSUSM there were a LOT of graduates. This is going on all over the country in every city. I could not help but think about the poor job climate they were entering. Not only are they adding to the available inventory of workers in a contracting market, 401ks being bankered into 200.5ks has dwindled the retirement ranks. More coming in and less going out.
I wonder how students seeking work are included in employment numbers? Anyway, its sad.
May 17, 2009 at 10:43 AM #400984Rt.66Participant[quote=Arraya]
We have hugely expensive debt-addicted governments. Tax receipts are collapsing and a little birdie is squeaking about the debt spigot getting turned off.Real unemployment will be passing 20% in short order.
[/quote]Tax revenues are a huge issue no doubt! Will the Gov. just print up the shortfall? What an odd concept huh?
I attended a grad cerimony for CSUSM yesterday and at just one of two cerimonies held that day for CSUSM there were a LOT of graduates. This is going on all over the country in every city. I could not help but think about the poor job climate they were entering. Not only are they adding to the available inventory of workers in a contracting market, 401ks being bankered into 200.5ks has dwindled the retirement ranks. More coming in and less going out.
I wonder how students seeking work are included in employment numbers? Anyway, its sad.
May 17, 2009 at 10:43 AM #401041Rt.66Participant[quote=Arraya]
We have hugely expensive debt-addicted governments. Tax receipts are collapsing and a little birdie is squeaking about the debt spigot getting turned off.Real unemployment will be passing 20% in short order.
[/quote]Tax revenues are a huge issue no doubt! Will the Gov. just print up the shortfall? What an odd concept huh?
I attended a grad cerimony for CSUSM yesterday and at just one of two cerimonies held that day for CSUSM there were a LOT of graduates. This is going on all over the country in every city. I could not help but think about the poor job climate they were entering. Not only are they adding to the available inventory of workers in a contracting market, 401ks being bankered into 200.5ks has dwindled the retirement ranks. More coming in and less going out.
I wonder how students seeking work are included in employment numbers? Anyway, its sad.
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