Temperature Check for 2008 – Now how low do you think it will go?

[kev374]

If it comes down by 50% we will still be above the price levels from the last bottom so I think 50% is very reasonable to expect.

[Nor-LA-SD-guy]

I agree Stan,

I think most of the problems were caused by speculators in the 2004 to 2005 time frame in the Temecula Valley.

People who live here are not abandoning their homes in large number IMO.

Personally I think we are within 10% of a bottom in the Temecula area.

I think I heard somewhere that I.E. affordability is at 45~% I believe thats high for SoCal at anytime.

[Nor-LA-SD-guy]

I agree Stan,

I think most of the problems were caused by speculators in the 2004 to 2005 time frame in the Temecula Valley.

People who live here are not abandoning their homes in large number IMO.

Personally I think we are within 10% of a bottom in the Temecula area.

I think I heard somewhere that I.E. affordability is at 45~% I believe thats high for SoCal at anytime.

[Nor-LA-SD-guy]

I agree Stan,

I think most of the problems were caused by speculators in the 2004 to 2005 time frame in the Temecula Valley.

People who live here are not abandoning their homes in large number IMO.

Personally I think we are within 10% of a bottom in the Temecula area.

I think I heard somewhere that I.E. affordability is at 45~% I believe thats high for SoCal at anytime.

[Nor-LA-SD-guy]

I agree Stan,

I think most of the problems were caused by speculators in the 2004 to 2005 time frame in the Temecula Valley.

People who live here are not abandoning their homes in large number IMO.

Personally I think we are within 10% of a bottom in the Temecula area.

I think I heard somewhere that I.E. affordability is at 45~% I believe thats high for SoCal at anytime.

[Nor-LA-SD-guy]

I agree Stan,

I think most of the problems were caused by speculators in the 2004 to 2005 time frame in the Temecula Valley.

People who live here are not abandoning their homes in large number IMO.

Personally I think we are within 10% of a bottom in the Temecula area.

I think I heard somewhere that I.E. affordability is at 45~% I believe thats high for SoCal at anytime.

[Bugs]

A “few market segments at -70%” isn’t the same thing as saying the regional averages will drop by that much. For every -70% market segment there will likley be a segment that only drops 35%. We basically could’t get to a -50% regional drop without some being higher and others being lower.

[Bugs]

A “few market segments at -70%” isn’t the same thing as saying the regional averages will drop by that much. For every -70% market segment there will likley be a segment that only drops 35%. We basically could’t get to a -50% regional drop without some being higher and others being lower.

[Bugs]

A “few market segments at -70%” isn’t the same thing as saying the regional averages will drop by that much. For every -70% market segment there will likley be a segment that only drops 35%. We basically could’t get to a -50% regional drop without some being higher and others being lower.

[Bugs]

A “few market segments at -70%” isn’t the same thing as saying the regional averages will drop by that much. For every -70% market segment there will likley be a segment that only drops 35%. We basically could’t get to a -50% regional drop without some being higher and others being lower.

[Bugs]

A “few market segments at -70%” isn’t the same thing as saying the regional averages will drop by that much. For every -70% market segment there will likley be a segment that only drops 35%. We basically could’t get to a -50% regional drop without some being higher and others being lower.

[JWM in SD]

JWM in SD

Stan,

You are making the same bad assumptinos that many of the shill economists did as well: Median Income remains steady in the face of a severe RE recession.

A better question to ask is how the median income changes depending on what % of a particular region derived its median income from RE related industries. What about discretionary consumer driven services and products?

Don’t assume median income will remain constant. That is why it is imperative for people to begin looking at their current job and honestly assessing how well their company will fare in a recession.

[JWM in SD]

JWM in SD

Stan,

You are making the same bad assumptinos that many of the shill economists did as well: Median Income remains steady in the face of a severe RE recession.

A better question to ask is how the median income changes depending on what % of a particular region derived its median income from RE related industries. What about discretionary consumer driven services and products?

Don’t assume median income will remain constant. That is why it is imperative for people to begin looking at their current job and honestly assessing how well their company will fare in a recession.

[JWM in SD]

JWM in SD

Stan,

You are making the same bad assumptinos that many of the shill economists did as well: Median Income remains steady in the face of a severe RE recession.

A better question to ask is how the median income changes depending on what % of a particular region derived its median income from RE related industries. What about discretionary consumer driven services and products?

Don’t assume median income will remain constant. That is why it is imperative for people to begin looking at their current job and honestly assessing how well their company will fare in a recession.

[JWM in SD]

JWM in SD

Stan,

You are making the same bad assumptinos that many of the shill economists did as well: Median Income remains steady in the face of a severe RE recession.

A better question to ask is how the median income changes depending on what % of a particular region derived its median income from RE related industries. What about discretionary consumer driven services and products?

Don’t assume median income will remain constant. That is why it is imperative for people to begin looking at their current job and honestly assessing how well their company will fare in a recession.

[Author]

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