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barnaby33ParticipantAh yes sensationalist headlines. Not just for USA Today anymore! You’ll only know the bottom once we’ve passed but in most areas we aren’t yet close. TG I actually believe your analysis, (assuming gas stays reasonable) Temecula is at the bottom.
With mortgage rates rising, and employment falling, no way are we at a bottom in SD, not even close. Take a look at Karls post on this Watch the Birdie!
NAR reports whatever number sounds most positive, be it Y-O-Y, M-O-M, or fabricated from whole cloth. A lot of those deals signed won’t be closing as financing costs more this week than last. Consumer confidence is a circle jerk of the Dow mostly. When the Dow goes up consumer confidence goes up. Never mind that this has relatively little to do with the broader health of the market or economy. Lastly the 800lb gorilla in the room is the onslaught of resets in the Alt A wave. Coming soon to a formerly upscale neighborhood near you!
Josh
barnaby33ParticipantAh yes sensationalist headlines. Not just for USA Today anymore! You’ll only know the bottom once we’ve passed but in most areas we aren’t yet close. TG I actually believe your analysis, (assuming gas stays reasonable) Temecula is at the bottom.
With mortgage rates rising, and employment falling, no way are we at a bottom in SD, not even close. Take a look at Karls post on this Watch the Birdie!
NAR reports whatever number sounds most positive, be it Y-O-Y, M-O-M, or fabricated from whole cloth. A lot of those deals signed won’t be closing as financing costs more this week than last. Consumer confidence is a circle jerk of the Dow mostly. When the Dow goes up consumer confidence goes up. Never mind that this has relatively little to do with the broader health of the market or economy. Lastly the 800lb gorilla in the room is the onslaught of resets in the Alt A wave. Coming soon to a formerly upscale neighborhood near you!
Josh
barnaby33ParticipantEconProf, you keep harping on the long term fundamentals in which AZ is better off than CA. I’ve never heard anyone say a large retiree base (which you specifically mention) as a long term fundamental, or a positive.
Each place has things that attract and things that detract. AZ and NV are no different. However I’d be very careful of trumpeting the positives of places who’s basic existence is premised on people being ejected from California (whether by choice or economics).
You can fix tax policy. You can’t fix no water or insufferable heat. California has problems and they are massive. They are however FIXABLE.
Josh
barnaby33ParticipantEconProf, you keep harping on the long term fundamentals in which AZ is better off than CA. I’ve never heard anyone say a large retiree base (which you specifically mention) as a long term fundamental, or a positive.
Each place has things that attract and things that detract. AZ and NV are no different. However I’d be very careful of trumpeting the positives of places who’s basic existence is premised on people being ejected from California (whether by choice or economics).
You can fix tax policy. You can’t fix no water or insufferable heat. California has problems and they are massive. They are however FIXABLE.
Josh
barnaby33ParticipantEconProf, you keep harping on the long term fundamentals in which AZ is better off than CA. I’ve never heard anyone say a large retiree base (which you specifically mention) as a long term fundamental, or a positive.
Each place has things that attract and things that detract. AZ and NV are no different. However I’d be very careful of trumpeting the positives of places who’s basic existence is premised on people being ejected from California (whether by choice or economics).
You can fix tax policy. You can’t fix no water or insufferable heat. California has problems and they are massive. They are however FIXABLE.
Josh
barnaby33ParticipantEconProf, you keep harping on the long term fundamentals in which AZ is better off than CA. I’ve never heard anyone say a large retiree base (which you specifically mention) as a long term fundamental, or a positive.
Each place has things that attract and things that detract. AZ and NV are no different. However I’d be very careful of trumpeting the positives of places who’s basic existence is premised on people being ejected from California (whether by choice or economics).
You can fix tax policy. You can’t fix no water or insufferable heat. California has problems and they are massive. They are however FIXABLE.
Josh
barnaby33ParticipantEconProf, you keep harping on the long term fundamentals in which AZ is better off than CA. I’ve never heard anyone say a large retiree base (which you specifically mention) as a long term fundamental, or a positive.
Each place has things that attract and things that detract. AZ and NV are no different. However I’d be very careful of trumpeting the positives of places who’s basic existence is premised on people being ejected from California (whether by choice or economics).
You can fix tax policy. You can’t fix no water or insufferable heat. California has problems and they are massive. They are however FIXABLE.
Josh
barnaby33Participantpatientrenter, you should know by now not to stop partypup when he gets wound up. Is entertaining.
We’re fucked, everyone else is fucked worse. The yuan/renmimbi is not about to become a global currency, though gold may increase in value. I have my doubts about that. If bond yields ramp/prices fall, the actual dollar (as in green paper) will strengthen. Inflation is more than likely our future, but we are still strongly in deflationary territory.
Josh
barnaby33Participantpatientrenter, you should know by now not to stop partypup when he gets wound up. Is entertaining.
We’re fucked, everyone else is fucked worse. The yuan/renmimbi is not about to become a global currency, though gold may increase in value. I have my doubts about that. If bond yields ramp/prices fall, the actual dollar (as in green paper) will strengthen. Inflation is more than likely our future, but we are still strongly in deflationary territory.
Josh
barnaby33Participantpatientrenter, you should know by now not to stop partypup when he gets wound up. Is entertaining.
We’re fucked, everyone else is fucked worse. The yuan/renmimbi is not about to become a global currency, though gold may increase in value. I have my doubts about that. If bond yields ramp/prices fall, the actual dollar (as in green paper) will strengthen. Inflation is more than likely our future, but we are still strongly in deflationary territory.
Josh
barnaby33Participantpatientrenter, you should know by now not to stop partypup when he gets wound up. Is entertaining.
We’re fucked, everyone else is fucked worse. The yuan/renmimbi is not about to become a global currency, though gold may increase in value. I have my doubts about that. If bond yields ramp/prices fall, the actual dollar (as in green paper) will strengthen. Inflation is more than likely our future, but we are still strongly in deflationary territory.
Josh
barnaby33Participantpatientrenter, you should know by now not to stop partypup when he gets wound up. Is entertaining.
We’re fucked, everyone else is fucked worse. The yuan/renmimbi is not about to become a global currency, though gold may increase in value. I have my doubts about that. If bond yields ramp/prices fall, the actual dollar (as in green paper) will strengthen. Inflation is more than likely our future, but we are still strongly in deflationary territory.
Josh
barnaby33Participantflu, probably better to leave this thread focused on local layoffs.
Mixxalot, what kind of work are you looking for and in what locality?
Josh
barnaby33Participantflu, probably better to leave this thread focused on local layoffs.
Mixxalot, what kind of work are you looking for and in what locality?
Josh
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