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Allan from Fallbrook
Participant4826: You hit the nail on the head. Back in my corporate days, I worked for a very large insurance broker. It was a production-driven culture, with the big producers the stars of the show. I was a CFO at the time, and even I knew where the line was when it came to pushing these guys.
The middle managers may have had the title, but no real power came with it. We had several downsizings following a merger, and the middle managers were the first to go. The sales force/producers were the first protected, and for good reason: They were the real reason behind the acquisition in the first place.
I don’t think what Casca/PD wrote is filth, by the way. Might be inaptly stated, but it certainly bears consideration, especially at your earning level, age and point in career. Given the statistics on marriage and divorce, you need to make provisions here as well.
Allan from Fallbrook
Participant4826: You hit the nail on the head. Back in my corporate days, I worked for a very large insurance broker. It was a production-driven culture, with the big producers the stars of the show. I was a CFO at the time, and even I knew where the line was when it came to pushing these guys.
The middle managers may have had the title, but no real power came with it. We had several downsizings following a merger, and the middle managers were the first to go. The sales force/producers were the first protected, and for good reason: They were the real reason behind the acquisition in the first place.
I don’t think what Casca/PD wrote is filth, by the way. Might be inaptly stated, but it certainly bears consideration, especially at your earning level, age and point in career. Given the statistics on marriage and divorce, you need to make provisions here as well.
Allan from Fallbrook
Participant4826: You hit the nail on the head. Back in my corporate days, I worked for a very large insurance broker. It was a production-driven culture, with the big producers the stars of the show. I was a CFO at the time, and even I knew where the line was when it came to pushing these guys.
The middle managers may have had the title, but no real power came with it. We had several downsizings following a merger, and the middle managers were the first to go. The sales force/producers were the first protected, and for good reason: They were the real reason behind the acquisition in the first place.
I don’t think what Casca/PD wrote is filth, by the way. Might be inaptly stated, but it certainly bears consideration, especially at your earning level, age and point in career. Given the statistics on marriage and divorce, you need to make provisions here as well.
Allan from Fallbrook
ParticipantEx-SD: Certain homebuilders are already making the move to smaller homes. Those monolithic 4,000sf monsters will probably go the way of the dodo. Too expensive to maintain for one thing. Can you imagine cooling a 4,000sf home through a Temecula summer?
I think even the ultra-high end will feel something of a pinch as well. There are homes fronting the SF Bay that are knocking fairly significant chunks off of their asking price. The house Burt Reynolds owns in Florida was just reduced in price by a large amount as well.
Allan from Fallbrook
ParticipantEx-SD: Certain homebuilders are already making the move to smaller homes. Those monolithic 4,000sf monsters will probably go the way of the dodo. Too expensive to maintain for one thing. Can you imagine cooling a 4,000sf home through a Temecula summer?
I think even the ultra-high end will feel something of a pinch as well. There are homes fronting the SF Bay that are knocking fairly significant chunks off of their asking price. The house Burt Reynolds owns in Florida was just reduced in price by a large amount as well.
Allan from Fallbrook
ParticipantEx-SD: Certain homebuilders are already making the move to smaller homes. Those monolithic 4,000sf monsters will probably go the way of the dodo. Too expensive to maintain for one thing. Can you imagine cooling a 4,000sf home through a Temecula summer?
I think even the ultra-high end will feel something of a pinch as well. There are homes fronting the SF Bay that are knocking fairly significant chunks off of their asking price. The house Burt Reynolds owns in Florida was just reduced in price by a large amount as well.
Allan from Fallbrook
ParticipantEx-SD: Certain homebuilders are already making the move to smaller homes. Those monolithic 4,000sf monsters will probably go the way of the dodo. Too expensive to maintain for one thing. Can you imagine cooling a 4,000sf home through a Temecula summer?
I think even the ultra-high end will feel something of a pinch as well. There are homes fronting the SF Bay that are knocking fairly significant chunks off of their asking price. The house Burt Reynolds owns in Florida was just reduced in price by a large amount as well.
Allan from Fallbrook
ParticipantEx-SD: Certain homebuilders are already making the move to smaller homes. Those monolithic 4,000sf monsters will probably go the way of the dodo. Too expensive to maintain for one thing. Can you imagine cooling a 4,000sf home through a Temecula summer?
I think even the ultra-high end will feel something of a pinch as well. There are homes fronting the SF Bay that are knocking fairly significant chunks off of their asking price. The house Burt Reynolds owns in Florida was just reduced in price by a large amount as well.
Allan from Fallbrook
ParticipantBugs: More and more articles are appearing about price drops in supposedly “impervious” markets like SF and Manhattan. Even as little as six months ago, these two markets were being used to illustrate the principle that some markets would remain immune, unlike the Murrietas and Chula Vistas and Riversides.
A poster who is very knowledgeable about banking (I think it was Davelj) made the very astute observation that it is not about a liquidity crunch, it is about a bad asset crunch. This mess is not confined to just sub-prime, but is spreading into Alt-A and prime as well.
The prime locations might be the last to get hit, but they will get hit, too. And while a single listing does not a trend make, all trends start somewhere.
Allan from Fallbrook
ParticipantBugs: More and more articles are appearing about price drops in supposedly “impervious” markets like SF and Manhattan. Even as little as six months ago, these two markets were being used to illustrate the principle that some markets would remain immune, unlike the Murrietas and Chula Vistas and Riversides.
A poster who is very knowledgeable about banking (I think it was Davelj) made the very astute observation that it is not about a liquidity crunch, it is about a bad asset crunch. This mess is not confined to just sub-prime, but is spreading into Alt-A and prime as well.
The prime locations might be the last to get hit, but they will get hit, too. And while a single listing does not a trend make, all trends start somewhere.
Allan from Fallbrook
ParticipantBugs: More and more articles are appearing about price drops in supposedly “impervious” markets like SF and Manhattan. Even as little as six months ago, these two markets were being used to illustrate the principle that some markets would remain immune, unlike the Murrietas and Chula Vistas and Riversides.
A poster who is very knowledgeable about banking (I think it was Davelj) made the very astute observation that it is not about a liquidity crunch, it is about a bad asset crunch. This mess is not confined to just sub-prime, but is spreading into Alt-A and prime as well.
The prime locations might be the last to get hit, but they will get hit, too. And while a single listing does not a trend make, all trends start somewhere.
Allan from Fallbrook
ParticipantBugs: More and more articles are appearing about price drops in supposedly “impervious” markets like SF and Manhattan. Even as little as six months ago, these two markets were being used to illustrate the principle that some markets would remain immune, unlike the Murrietas and Chula Vistas and Riversides.
A poster who is very knowledgeable about banking (I think it was Davelj) made the very astute observation that it is not about a liquidity crunch, it is about a bad asset crunch. This mess is not confined to just sub-prime, but is spreading into Alt-A and prime as well.
The prime locations might be the last to get hit, but they will get hit, too. And while a single listing does not a trend make, all trends start somewhere.
Allan from Fallbrook
ParticipantBugs: More and more articles are appearing about price drops in supposedly “impervious” markets like SF and Manhattan. Even as little as six months ago, these two markets were being used to illustrate the principle that some markets would remain immune, unlike the Murrietas and Chula Vistas and Riversides.
A poster who is very knowledgeable about banking (I think it was Davelj) made the very astute observation that it is not about a liquidity crunch, it is about a bad asset crunch. This mess is not confined to just sub-prime, but is spreading into Alt-A and prime as well.
The prime locations might be the last to get hit, but they will get hit, too. And while a single listing does not a trend make, all trends start somewhere.
Allan from Fallbrook
ParticipantTG: Point taken. So, how about them Chargers?
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