The Tipping Point Is Here

[Enorah]

It’s happened. I can feel it. The downward trend has begun to accelerate.

[capeman]

Looks like the markets may actually be starting to see it too.

[capeman]

Looks like the markets may actually be starting to see it too.

[Enorah]

Right before I began my morning ritual of reading all of the housing blogs today, I just knew. Something has dramatically shifted.

[Enorah]

Right before I began my morning ritual of reading all of the housing blogs today, I just knew. Something has dramatically shifted.

[JWM in SD]

Yes, thank you Bear Stearns and Angelo.

[JWM in SD]

Yes, thank you Bear Stearns and Angelo.

[SD Realtor]

So I take it based on this analysis we will see sales/prices drop drastically in all the zip codes here in SD? Is that for this month? next month?

Okay I will track the data and see what happens.

SD Realtor

[SD Realtor]

So I take it based on this analysis we will see sales/prices drop drastically in all the zip codes here in SD? Is that for this month? next month?

Okay I will track the data and see what happens.

SD Realtor

[lostkitty]

I was feeling it too (tipping point)… until I came here to CA for a visit.
Everyone I know out here is so absolutely CERTAIN that it wont crash much. If they own, they are sure their properties will not go down at all. If they dont own, they are saying things like, “we really missed the boat.” These are people with good incomes and jobs (and brains – although I am starting to question that a bit).

Since I am only here once a year – the only real “change ” I’ve noticed is that there are so many moms driving around with ‘PEACE’ and ‘COEXIST’ stickers on their cars. Big difference from last summer.

I do not understand why Rich’s graphs are not front and center in the paper. People need to understand how out of whack the market is. They need education – and I used to think that was what the “news”paper was supposed to do… inform the people.

[lostkitty]

I was feeling it too (tipping point)… until I came here to CA for a visit.
Everyone I know out here is so absolutely CERTAIN that it wont crash much. If they own, they are sure their properties will not go down at all. If they dont own, they are saying things like, “we really missed the boat.” These are people with good incomes and jobs (and brains – although I am starting to question that a bit).

Since I am only here once a year – the only real “change ” I’ve noticed is that there are so many moms driving around with ‘PEACE’ and ‘COEXIST’ stickers on their cars. Big difference from last summer.

I do not understand why Rich’s graphs are not front and center in the paper. People need to understand how out of whack the market is. They need education – and I used to think that was what the “news”paper was supposed to do… inform the people.

[GoUSC]

I don’t know if we have reached the “tipping” point. I have noticed a lot less blinged out Hummers and Escalades on the roads. I know the ski boat, RV dealers, and auto dealers are dying out there right now. I know that homes in my neighborhood are all sitting on the market. Etc. etc. I know a correction in happening but I think it will continue very slowly. Home prices are very sticky on the way down. We will need to see some really negative job numbers for things to accelerate faster. Not discounting that though, because I think we are going to.

[GoUSC]

I don’t know if we have reached the “tipping” point. I have noticed a lot less blinged out Hummers and Escalades on the roads. I know the ski boat, RV dealers, and auto dealers are dying out there right now. I know that homes in my neighborhood are all sitting on the market. Etc. etc. I know a correction in happening but I think it will continue very slowly. Home prices are very sticky on the way down. We will need to see some really negative job numbers for things to accelerate faster. Not discounting that though, because I think we are going to.

[sdrealtor]

I think the idea that there is ever a tipping point for anything is absolute nonsense. While it has sex appeal and sells books, it a bunch of silliness.

Consumers exist in their own little worlds and act individually. The thought of herding cats comes to mind. Changes occurs over time gradually in the world of consumers.

Several years ago I was involved in the acquisition of a very large retail entity (over 5000 units) by one of the strongest brands in the world. They believed that with rebranding and their marketing muscle they could increase throughput by factors of “X”. My constant harping on them that change would be incremental and take many years fell upon deaf ears. From what I have heard after several years they still havent achieved their first year projections.

Perhaps the author of this thread is consuming something illicit with their morning coffee which led them to feel a palpable change?

[sdrealtor]

I think the idea that there is ever a tipping point for anything is absolute nonsense. While it has sex appeal and sells books, it a bunch of silliness.

Consumers exist in their own little worlds and act individually. The thought of herding cats comes to mind. Changes occurs over time gradually in the world of consumers.

Several years ago I was involved in the acquisition of a very large retail entity (over 5000 units) by one of the strongest brands in the world. They believed that with rebranding and their marketing muscle they could increase throughput by factors of “X”. My constant harping on them that change would be incremental and take many years fell upon deaf ears. From what I have heard after several years they still havent achieved their first year projections.

Perhaps the author of this thread is consuming something illicit with their morning coffee which led them to feel a palpable change?

[Author]

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