Surge in recent high end activity

[Nor-LA-SD-guy]

Probably just the east coast bankers buying vacation property.

Just kidding sort of, but seriously, the rich (or near rich) don’t usually have the same issues with recessions as middle and below have to deal with, mostly they just let a few of their employees go or something like that to bring the profits back inline etc…

(Just look at corporate profits this last year..)

[desmond]

Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?

[desmond]

Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?

[desmond]

Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?

[desmond]

Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?

[desmond]

Do you really think that has anything to do with “the next depression or leg down?” I just saw Richard Branson on CNBC saying it is easier (for a well funded) company to expand in a recession. btw, are they getting discounts on the prices they are paying compared to 2004,5 or 6?

[davelj]

[quote=Nor-LA-SD-guy]

(Just look at corporate profits this last year..)[/quote]

True, but that’s going to change in 2011 and going forward. Big time, I surmise. Mean reversion is a bitch.

[davelj]

[quote=Nor-LA-SD-guy]

(Just look at corporate profits this last year..)[/quote]

True, but that’s going to change in 2011 and going forward. Big time, I surmise. Mean reversion is a bitch.

[davelj]

[quote=Nor-LA-SD-guy]

(Just look at corporate profits this last year..)[/quote]

True, but that’s going to change in 2011 and going forward. Big time, I surmise. Mean reversion is a bitch.

[davelj]

[quote=Nor-LA-SD-guy]

(Just look at corporate profits this last year..)[/quote]

True, but that’s going to change in 2011 and going forward. Big time, I surmise. Mean reversion is a bitch.

[davelj]

[quote=Nor-LA-SD-guy]

(Just look at corporate profits this last year..)[/quote]

True, but that’s going to change in 2011 and going forward. Big time, I surmise. Mean reversion is a bitch.

[sdrealtor]

I’m just reporting what I see. Prices seem higher than a year ago but that is not what astounded me. What astounded me was the number of people spending that much money regardless of what they are getting for it.

These are not homes being bought by the rich but rather upper middle class for the most part. I know its not all of SD county, its just my submarket which lots of folks follow. I’m providing an update on real estate activity. Sorry I cant add to the world cup, new library, electric sports car and battleship deployment threads. Not my expertise.

[sdrealtor]

I’m just reporting what I see. Prices seem higher than a year ago but that is not what astounded me. What astounded me was the number of people spending that much money regardless of what they are getting for it.

These are not homes being bought by the rich but rather upper middle class for the most part. I know its not all of SD county, its just my submarket which lots of folks follow. I’m providing an update on real estate activity. Sorry I cant add to the world cup, new library, electric sports car and battleship deployment threads. Not my expertise.

[sdrealtor]

I’m just reporting what I see. Prices seem higher than a year ago but that is not what astounded me. What astounded me was the number of people spending that much money regardless of what they are getting for it.

These are not homes being bought by the rich but rather upper middle class for the most part. I know its not all of SD county, its just my submarket which lots of folks follow. I’m providing an update on real estate activity. Sorry I cant add to the world cup, new library, electric sports car and battleship deployment threads. Not my expertise.

[sdrealtor]

I’m just reporting what I see. Prices seem higher than a year ago but that is not what astounded me. What astounded me was the number of people spending that much money regardless of what they are getting for it.

These are not homes being bought by the rich but rather upper middle class for the most part. I know its not all of SD county, its just my submarket which lots of folks follow. I’m providing an update on real estate activity. Sorry I cant add to the world cup, new library, electric sports car and battleship deployment threads. Not my expertise.

[Author]

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