The Fed’s $600 Billion Statement, Translated Into Plain English

[sdrealtor]

DZ
The direction of RE prices has only limited connection to the economy at this point because they are still slightly overvalued from a historical perspective. Prices are behaving very typically for where we are in an annual secular cycle. Prices are stable to slightly declining and there are deals to be had. Once we hit Spring things will pick up and prices will firm up. The it will happen all over again once Summer fades.

Good homes priced well in this market are having no problems finding buyers.

As far as whether everyone is doing well, of course they arent but plenty are. My point was that relative to the rest of the country we seem to be faring pretty darn well. Two weeks ago our schools were on Fall break and I took my kids to Maui. There were familes there from the Encinitas School district everywhere we went. I seriously must have run into 50 different familes I knew in the course of a week. There were close to 10 at our resort alone. As harsh as you want to beleive this economy is, there are plenty of folks who are thriving out there.

[scaredyclassic]

i am thriving, in spite of the personal sense that I and the system are on the brink of failure. I just purchased several books on waste disposal, including the humanure handbook, a septic system guide and interestingly a manual on using greywater to create an oasis at your house. that sounds intriguing. The fed is basically telling me they will do their level best to screw me if i am unable to buy this house, even without a septic tank. I believe in my heart that they cannot win at the end of the day, but the day may be a long time.

[scaredyclassic]

i am thriving, in spite of the personal sense that I and the system are on the brink of failure. I just purchased several books on waste disposal, including the humanure handbook, a septic system guide and interestingly a manual on using greywater to create an oasis at your house. that sounds intriguing. The fed is basically telling me they will do their level best to screw me if i am unable to buy this house, even without a septic tank. I believe in my heart that they cannot win at the end of the day, but the day may be a long time.

[scaredyclassic]

i am thriving, in spite of the personal sense that I and the system are on the brink of failure. I just purchased several books on waste disposal, including the humanure handbook, a septic system guide and interestingly a manual on using greywater to create an oasis at your house. that sounds intriguing. The fed is basically telling me they will do their level best to screw me if i am unable to buy this house, even without a septic tank. I believe in my heart that they cannot win at the end of the day, but the day may be a long time.

[scaredyclassic]

i am thriving, in spite of the personal sense that I and the system are on the brink of failure. I just purchased several books on waste disposal, including the humanure handbook, a septic system guide and interestingly a manual on using greywater to create an oasis at your house. that sounds intriguing. The fed is basically telling me they will do their level best to screw me if i am unable to buy this house, even without a septic tank. I believe in my heart that they cannot win at the end of the day, but the day may be a long time.

[scaredyclassic]

i am thriving, in spite of the personal sense that I and the system are on the brink of failure. I just purchased several books on waste disposal, including the humanure handbook, a septic system guide and interestingly a manual on using greywater to create an oasis at your house. that sounds intriguing. The fed is basically telling me they will do their level best to screw me if i am unable to buy this house, even without a septic tank. I believe in my heart that they cannot win at the end of the day, but the day may be a long time.

[Coronita]

[quote=deadzone]sdr, if the economy in SD is doing so well, then why are RE prices still going down (or at best flat)? Even with HISTORICALLY low interest rates?

Apparently not everyone is doing so well like “your clients”. I swear you must literally walk the streets with blinders on.[/quote]

Unfortunately, I think there is what I call a “cleaning out effect” in San Diego right now. There are a group of folks who are having a tough time finding employment and there is a group of people that have no issues finding employment. It depends largely on what not only what profession you are in but also specifically what you are doing in that profession. I think folks who are embedded enginerds for instance are having a much more favorable employment market (at least for now) than same defense enginerds, and the two areas aren’t crossing over. So it’s not like companies aren’t hiring here. They are, but for a lot of people they aren’t hiring the people who are looking for work here.

I have a c-level friend that use to work for a defense company here. He’s had a tough time finding comparable positions in San Diego. The moment he put his credentials into the Virginia/DC/Maryland area, he got several offers paying him more than he use to make down here. So unfortunately, I’m going to be losing a friend soon locally…

Some folks are thriving in this economy, and getting pay increases as well (pension/government worker jokes aside)…Unfortunately, a lot of this is just sheer luck about being in the right place at the right time.

For instance, if you work for Ilumina, you’re rocking right now… On the other hand, if you’re one of the 300 people at Biogen Idec, you’re screwed….Same could be said if you are a person working on MediaFlo versus someone in QCT.

[Coronita]

[quote=deadzone]sdr, if the economy in SD is doing so well, then why are RE prices still going down (or at best flat)? Even with HISTORICALLY low interest rates?

Apparently not everyone is doing so well like “your clients”. I swear you must literally walk the streets with blinders on.[/quote]

Unfortunately, I think there is what I call a “cleaning out effect” in San Diego right now. There are a group of folks who are having a tough time finding employment and there is a group of people that have no issues finding employment. It depends largely on what not only what profession you are in but also specifically what you are doing in that profession. I think folks who are embedded enginerds for instance are having a much more favorable employment market (at least for now) than same defense enginerds, and the two areas aren’t crossing over. So it’s not like companies aren’t hiring here. They are, but for a lot of people they aren’t hiring the people who are looking for work here.

I have a c-level friend that use to work for a defense company here. He’s had a tough time finding comparable positions in San Diego. The moment he put his credentials into the Virginia/DC/Maryland area, he got several offers paying him more than he use to make down here. So unfortunately, I’m going to be losing a friend soon locally…

Some folks are thriving in this economy, and getting pay increases as well (pension/government worker jokes aside)…Unfortunately, a lot of this is just sheer luck about being in the right place at the right time.

For instance, if you work for Ilumina, you’re rocking right now… On the other hand, if you’re one of the 300 people at Biogen Idec, you’re screwed….Same could be said if you are a person working on MediaFlo versus someone in QCT.

[Coronita]

[quote=deadzone]sdr, if the economy in SD is doing so well, then why are RE prices still going down (or at best flat)? Even with HISTORICALLY low interest rates?

Apparently not everyone is doing so well like “your clients”. I swear you must literally walk the streets with blinders on.[/quote]

Unfortunately, I think there is what I call a “cleaning out effect” in San Diego right now. There are a group of folks who are having a tough time finding employment and there is a group of people that have no issues finding employment. It depends largely on what not only what profession you are in but also specifically what you are doing in that profession. I think folks who are embedded enginerds for instance are having a much more favorable employment market (at least for now) than same defense enginerds, and the two areas aren’t crossing over. So it’s not like companies aren’t hiring here. They are, but for a lot of people they aren’t hiring the people who are looking for work here.

I have a c-level friend that use to work for a defense company here. He’s had a tough time finding comparable positions in San Diego. The moment he put his credentials into the Virginia/DC/Maryland area, he got several offers paying him more than he use to make down here. So unfortunately, I’m going to be losing a friend soon locally…

Some folks are thriving in this economy, and getting pay increases as well (pension/government worker jokes aside)…Unfortunately, a lot of this is just sheer luck about being in the right place at the right time.

For instance, if you work for Ilumina, you’re rocking right now… On the other hand, if you’re one of the 300 people at Biogen Idec, you’re screwed….Same could be said if you are a person working on MediaFlo versus someone in QCT.

[Coronita]

[quote=deadzone]sdr, if the economy in SD is doing so well, then why are RE prices still going down (or at best flat)? Even with HISTORICALLY low interest rates?

Apparently not everyone is doing so well like “your clients”. I swear you must literally walk the streets with blinders on.[/quote]

Unfortunately, I think there is what I call a “cleaning out effect” in San Diego right now. There are a group of folks who are having a tough time finding employment and there is a group of people that have no issues finding employment. It depends largely on what not only what profession you are in but also specifically what you are doing in that profession. I think folks who are embedded enginerds for instance are having a much more favorable employment market (at least for now) than same defense enginerds, and the two areas aren’t crossing over. So it’s not like companies aren’t hiring here. They are, but for a lot of people they aren’t hiring the people who are looking for work here.

I have a c-level friend that use to work for a defense company here. He’s had a tough time finding comparable positions in San Diego. The moment he put his credentials into the Virginia/DC/Maryland area, he got several offers paying him more than he use to make down here. So unfortunately, I’m going to be losing a friend soon locally…

Some folks are thriving in this economy, and getting pay increases as well (pension/government worker jokes aside)…Unfortunately, a lot of this is just sheer luck about being in the right place at the right time.

For instance, if you work for Ilumina, you’re rocking right now… On the other hand, if you’re one of the 300 people at Biogen Idec, you’re screwed….Same could be said if you are a person working on MediaFlo versus someone in QCT.

[Coronita]

[quote=deadzone]sdr, if the economy in SD is doing so well, then why are RE prices still going down (or at best flat)? Even with HISTORICALLY low interest rates?

Apparently not everyone is doing so well like “your clients”. I swear you must literally walk the streets with blinders on.[/quote]

Unfortunately, I think there is what I call a “cleaning out effect” in San Diego right now. There are a group of folks who are having a tough time finding employment and there is a group of people that have no issues finding employment. It depends largely on what not only what profession you are in but also specifically what you are doing in that profession. I think folks who are embedded enginerds for instance are having a much more favorable employment market (at least for now) than same defense enginerds, and the two areas aren’t crossing over. So it’s not like companies aren’t hiring here. They are, but for a lot of people they aren’t hiring the people who are looking for work here.

I have a c-level friend that use to work for a defense company here. He’s had a tough time finding comparable positions in San Diego. The moment he put his credentials into the Virginia/DC/Maryland area, he got several offers paying him more than he use to make down here. So unfortunately, I’m going to be losing a friend soon locally…

Some folks are thriving in this economy, and getting pay increases as well (pension/government worker jokes aside)…Unfortunately, a lot of this is just sheer luck about being in the right place at the right time.

For instance, if you work for Ilumina, you’re rocking right now… On the other hand, if you’re one of the 300 people at Biogen Idec, you’re screwed….Same could be said if you are a person working on MediaFlo versus someone in QCT.

[Anonymous]

Not sure how you define “Thriving”. Of course there are alot of people who are well off and always will be.

But seriously, unless you are a bank executive, the majority of people are making less real income today than they were say 2-3 years ago.

[Anonymous]

Not sure how you define “Thriving”. Of course there are alot of people who are well off and always will be.

But seriously, unless you are a bank executive, the majority of people are making less real income today than they were say 2-3 years ago.

[Anonymous]

Not sure how you define “Thriving”. Of course there are alot of people who are well off and always will be.

But seriously, unless you are a bank executive, the majority of people are making less real income today than they were say 2-3 years ago.

[Anonymous]

Not sure how you define “Thriving”. Of course there are alot of people who are well off and always will be.

But seriously, unless you are a bank executive, the majority of people are making less real income today than they were say 2-3 years ago.

[Author]

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