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

[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.

[kewp]

JWM is right on the money.

I remember visiting Temecula years ago and being amazed that everyone there seemed to either be a contractor, or in the business of selling stuff to contractors. It made me think of a snake eating its tail.

Now what is going to happen to median income when people stop building and renovating. And unemployed contractors cut back their consumption.

It may very well turn out there is simply more supply of homes than demand.

[kewp]

JWM is right on the money.

I remember visiting Temecula years ago and being amazed that everyone there seemed to either be a contractor, or in the business of selling stuff to contractors. It made me think of a snake eating its tail.

Now what is going to happen to median income when people stop building and renovating. And unemployed contractors cut back their consumption.

It may very well turn out there is simply more supply of homes than demand.

[kewp]

JWM is right on the money.

I remember visiting Temecula years ago and being amazed that everyone there seemed to either be a contractor, or in the business of selling stuff to contractors. It made me think of a snake eating its tail.

Now what is going to happen to median income when people stop building and renovating. And unemployed contractors cut back their consumption.

It may very well turn out there is simply more supply of homes than demand.

[kewp]

JWM is right on the money.

I remember visiting Temecula years ago and being amazed that everyone there seemed to either be a contractor, or in the business of selling stuff to contractors. It made me think of a snake eating its tail.

Now what is going to happen to median income when people stop building and renovating. And unemployed contractors cut back their consumption.

It may very well turn out there is simply more supply of homes than demand.

[kewp]

JWM is right on the money.

I remember visiting Temecula years ago and being amazed that everyone there seemed to either be a contractor, or in the business of selling stuff to contractors. It made me think of a snake eating its tail.

Now what is going to happen to median income when people stop building and renovating. And unemployed contractors cut back their consumption.

It may very well turn out there is simply more supply of homes than demand.

[waiting for bottom]

I really can’t see more than 50%, and I consider myself to be pretty bearish.

The biggest decline I have noticed in SEH is 32%, and that area has to be one of the most vulnerable in SD county.

If La Costa/Encinitas drops to 600K, I’m buying the next day.

[waiting for bottom]

I really can’t see more than 50%, and I consider myself to be pretty bearish.

The biggest decline I have noticed in SEH is 32%, and that area has to be one of the most vulnerable in SD county.

If La Costa/Encinitas drops to 600K, I’m buying the next day.

[waiting for bottom]

I really can’t see more than 50%, and I consider myself to be pretty bearish.

The biggest decline I have noticed in SEH is 32%, and that area has to be one of the most vulnerable in SD county.

If La Costa/Encinitas drops to 600K, I’m buying the next day.

[waiting for bottom]

I really can’t see more than 50%, and I consider myself to be pretty bearish.

The biggest decline I have noticed in SEH is 32%, and that area has to be one of the most vulnerable in SD county.

If La Costa/Encinitas drops to 600K, I’m buying the next day.

[waiting for bottom]

I really can’t see more than 50%, and I consider myself to be pretty bearish.

The biggest decline I have noticed in SEH is 32%, and that area has to be one of the most vulnerable in SD county.

If La Costa/Encinitas drops to 600K, I’m buying the next day.

[JWM in SD]

Ah Yes, the ‘…I just don’t see it…’ line of thought. I would call that denial.

I think Vizcaya has it right. I challenge all of you to go back one year and think about what you ‘didnt see happening’ and compare to what is currently happening. If you are honest with yourself, you will realize just how serious this really is.

[JWM in SD]

Ah Yes, the ‘…I just don’t see it…’ line of thought. I would call that denial.

I think Vizcaya has it right. I challenge all of you to go back one year and think about what you ‘didnt see happening’ and compare to what is currently happening. If you are honest with yourself, you will realize just how serious this really is.

[JWM in SD]

Ah Yes, the ‘…I just don’t see it…’ line of thought. I would call that denial.

I think Vizcaya has it right. I challenge all of you to go back one year and think about what you ‘didnt see happening’ and compare to what is currently happening. If you are honest with yourself, you will realize just how serious this really is.

[JWM in SD]

Ah Yes, the ‘…I just don’t see it…’ line of thought. I would call that denial.

I think Vizcaya has it right. I challenge all of you to go back one year and think about what you ‘didnt see happening’ and compare to what is currently happening. If you are honest with yourself, you will realize just how serious this really is.

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