What recession?

[DWCAP]

[quote=Nor-LA-SD-guy]
FINALLY !!!

Finally someone sees the same thing I have been seeing, Folks Yes we are in a recession, but for some reason the media is doing their best to talk us into a depression.

Something is going on here folks.

[/quote]

Your kidding right? The Media is intentionally trying to talk us into a depression where even more news jobs will go bust????

The media isnt talking us anywhere. The media is applying its usual hype to the current economic winds. The media knows how to sell, and it isnt by giving an indepth and extensive overview of a very complex and very regional recession. (hint, it is by showing the PAIN)

This recession is hitting some people VERY hard, and others are not even being touched. If anything, they are better off as prices are plummeting for many of the goods they consume. The media, in its desire to sell stories, is reporting on those who are getting clobbered. They always do this.

PLUS, I would argue this is important. The mouthpiece that is Yun (NAR) just reported a 13% drop in the YOY national housing median. While absoulutely useless for forecasting what San Diego is doing, it is important to note this. Yun states that they have never recorded a drop like that before, and it is most likly the largest drop since the depression. This isnt dooms dayism, this is news!

[Nor-LA-SD-guy]

Yea OK whatever,

At this point I just wish they would stop bidding up the good deals in Temecula, I am starting to seriously think about getting a rental property.

[Nor-LA-SD-guy]

Yea OK whatever,

At this point I just wish they would stop bidding up the good deals in Temecula, I am starting to seriously think about getting a rental property.

[Nor-LA-SD-guy]

Yea OK whatever,

At this point I just wish they would stop bidding up the good deals in Temecula, I am starting to seriously think about getting a rental property.

[Nor-LA-SD-guy]

Yea OK whatever,

At this point I just wish they would stop bidding up the good deals in Temecula, I am starting to seriously think about getting a rental property.

[Nor-LA-SD-guy]

Yea OK whatever,

At this point I just wish they would stop bidding up the good deals in Temecula, I am starting to seriously think about getting a rental property.

[blahblahblah]

No surprise about the sales office for Temecula homes — prices there are starting to be sensible again. Of course how many of those packing the sales office will qualify for loans now?

I was in Nordstrom’s (Horton Plaza) last week and it was noticeably emptier than in years past. My guess is that the bottom end and lower middle class are cutting back on expenses and that the upper middle classes are still shopping till they drop at Fashion Valley. Until the $180K/yr “Assistant Vice President in Charge of Lunchtime Meetings and Power Point Presentations” crowd start losing their jobs things probably won’t change too much in the nice neighborhoods.

I am seeing the occassional good deal pop up on the MLS in a nice area. Often they are fixers or flips gone bad.

[blahblahblah]

No surprise about the sales office for Temecula homes — prices there are starting to be sensible again. Of course how many of those packing the sales office will qualify for loans now?

I was in Nordstrom’s (Horton Plaza) last week and it was noticeably emptier than in years past. My guess is that the bottom end and lower middle class are cutting back on expenses and that the upper middle classes are still shopping till they drop at Fashion Valley. Until the $180K/yr “Assistant Vice President in Charge of Lunchtime Meetings and Power Point Presentations” crowd start losing their jobs things probably won’t change too much in the nice neighborhoods.

I am seeing the occassional good deal pop up on the MLS in a nice area. Often they are fixers or flips gone bad.

[blahblahblah]

No surprise about the sales office for Temecula homes — prices there are starting to be sensible again. Of course how many of those packing the sales office will qualify for loans now?

I was in Nordstrom’s (Horton Plaza) last week and it was noticeably emptier than in years past. My guess is that the bottom end and lower middle class are cutting back on expenses and that the upper middle classes are still shopping till they drop at Fashion Valley. Until the $180K/yr “Assistant Vice President in Charge of Lunchtime Meetings and Power Point Presentations” crowd start losing their jobs things probably won’t change too much in the nice neighborhoods.

I am seeing the occassional good deal pop up on the MLS in a nice area. Often they are fixers or flips gone bad.

[blahblahblah]

No surprise about the sales office for Temecula homes — prices there are starting to be sensible again. Of course how many of those packing the sales office will qualify for loans now?

I was in Nordstrom’s (Horton Plaza) last week and it was noticeably emptier than in years past. My guess is that the bottom end and lower middle class are cutting back on expenses and that the upper middle classes are still shopping till they drop at Fashion Valley. Until the $180K/yr “Assistant Vice President in Charge of Lunchtime Meetings and Power Point Presentations” crowd start losing their jobs things probably won’t change too much in the nice neighborhoods.

I am seeing the occassional good deal pop up on the MLS in a nice area. Often they are fixers or flips gone bad.

[blahblahblah]

No surprise about the sales office for Temecula homes — prices there are starting to be sensible again. Of course how many of those packing the sales office will qualify for loans now?

I was in Nordstrom’s (Horton Plaza) last week and it was noticeably emptier than in years past. My guess is that the bottom end and lower middle class are cutting back on expenses and that the upper middle classes are still shopping till they drop at Fashion Valley. Until the $180K/yr “Assistant Vice President in Charge of Lunchtime Meetings and Power Point Presentations” crowd start losing their jobs things probably won’t change too much in the nice neighborhoods.

I am seeing the occassional good deal pop up on the MLS in a nice area. Often they are fixers or flips gone bad.

[UCGal]

[quote=DWCAP]
This recession is hitting some people VERY hard, and others are not even being touched. If anything, they are better off as prices are plummeting for many of the goods they consume. The media, in its desire to sell stories, is reporting on those who are getting clobbered. They always do this.
[/quote]

ITA with this. And this was true during the depression. My grandfather made a fortune during the depression, speculating on various things. He lost it later. But there are going to be people making money, even in a recession.

There are currently major job hits in sectors like construction, architecture, banking, retail sales, auto sales. But there are other industries that are just fine. It sucks if you’re in one of the hard hit sectors.

[UCGal]

[quote=DWCAP]
This recession is hitting some people VERY hard, and others are not even being touched. If anything, they are better off as prices are plummeting for many of the goods they consume. The media, in its desire to sell stories, is reporting on those who are getting clobbered. They always do this.
[/quote]

ITA with this. And this was true during the depression. My grandfather made a fortune during the depression, speculating on various things. He lost it later. But there are going to be people making money, even in a recession.

There are currently major job hits in sectors like construction, architecture, banking, retail sales, auto sales. But there are other industries that are just fine. It sucks if you’re in one of the hard hit sectors.

[UCGal]

[quote=DWCAP]
This recession is hitting some people VERY hard, and others are not even being touched. If anything, they are better off as prices are plummeting for many of the goods they consume. The media, in its desire to sell stories, is reporting on those who are getting clobbered. They always do this.
[/quote]

ITA with this. And this was true during the depression. My grandfather made a fortune during the depression, speculating on various things. He lost it later. But there are going to be people making money, even in a recession.

There are currently major job hits in sectors like construction, architecture, banking, retail sales, auto sales. But there are other industries that are just fine. It sucks if you’re in one of the hard hit sectors.

[UCGal]

[quote=DWCAP]
This recession is hitting some people VERY hard, and others are not even being touched. If anything, they are better off as prices are plummeting for many of the goods they consume. The media, in its desire to sell stories, is reporting on those who are getting clobbered. They always do this.
[/quote]

ITA with this. And this was true during the depression. My grandfather made a fortune during the depression, speculating on various things. He lost it later. But there are going to be people making money, even in a recession.

There are currently major job hits in sectors like construction, architecture, banking, retail sales, auto sales. But there are other industries that are just fine. It sucks if you’re in one of the hard hit sectors.

[Author]

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