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bsrsharma
ParticipantAnalyst sees ‘ghost town’ in Inland Empire:
A financial analyst fresh from a tour of construction sites in the Inland Empire is warning Wall Street of a “ghost town” where finished homes sit vacant and additional homes are still under construction.
“At several properties, there were a significant number of fully built homes sitting vacant along with a large number of additional homes still under construction,” Sandler O’Neill & Partners analyst Aaron Deer wrote today after touring developments in Corona and Ontario. “At one master plan community, the entire development appeared to be vacant — with the exception of crews working on new construction, it was a ghost town.”
Median home prices in both communities have dropped sharply over the last year, declining 33.6% in Corona and 30.3% in Ontario, according to DataQuick Information Systems. In Corona, the median sales price fell nearly $200,000 from May 2007 to May 2008, dropping from $565,000 to $375,000.
More from Deer’s note: “The homes all appeared to be empty, and there were no prospective buyers anywhere to be found. Surprisingly, the sales office was open … but the woman working there had questionable English fluency. When asked how many homes had been sold in the past month she simply responded, ‘Uh huh. Thank you. Yes!’ and handed us some additional literature on the property.”
More: “Perhaps the most interesting aspect to the development was what it revealed about the nature of the housing boom: that at the peak even the most undesirable and remote locations were worthy of expensive, high-end homes.”
Overall, Deer’s note on the California economy — and the relative health of California-based banks and thrifts — strikes a balanced chord, reporting that, while the “outlook remains gloomy,” “the pace of new problems has slowed somewhat.”
http://latimesblogs.latimes.com/laland/2008/07/analyst-sees-gh.html
ParticipantAnalyst sees ‘ghost town’ in Inland Empire:
A financial analyst fresh from a tour of construction sites in the Inland Empire is warning Wall Street of a “ghost town” where finished homes sit vacant and additional homes are still under construction.
“At several properties, there were a significant number of fully built homes sitting vacant along with a large number of additional homes still under construction,” Sandler O’Neill & Partners analyst Aaron Deer wrote today after touring developments in Corona and Ontario. “At one master plan community, the entire development appeared to be vacant — with the exception of crews working on new construction, it was a ghost town.”
Median home prices in both communities have dropped sharply over the last year, declining 33.6% in Corona and 30.3% in Ontario, according to DataQuick Information Systems. In Corona, the median sales price fell nearly $200,000 from May 2007 to May 2008, dropping from $565,000 to $375,000.
More from Deer’s note: “The homes all appeared to be empty, and there were no prospective buyers anywhere to be found. Surprisingly, the sales office was open … but the woman working there had questionable English fluency. When asked how many homes had been sold in the past month she simply responded, ‘Uh huh. Thank you. Yes!’ and handed us some additional literature on the property.”
More: “Perhaps the most interesting aspect to the development was what it revealed about the nature of the housing boom: that at the peak even the most undesirable and remote locations were worthy of expensive, high-end homes.”
Overall, Deer’s note on the California economy — and the relative health of California-based banks and thrifts — strikes a balanced chord, reporting that, while the “outlook remains gloomy,” “the pace of new problems has slowed somewhat.”
http://latimesblogs.latimes.com/laland/2008/07/analyst-sees-gh.html
ParticipantAnalyst sees ‘ghost town’ in Inland Empire:
A financial analyst fresh from a tour of construction sites in the Inland Empire is warning Wall Street of a “ghost town” where finished homes sit vacant and additional homes are still under construction.
“At several properties, there were a significant number of fully built homes sitting vacant along with a large number of additional homes still under construction,” Sandler O’Neill & Partners analyst Aaron Deer wrote today after touring developments in Corona and Ontario. “At one master plan community, the entire development appeared to be vacant — with the exception of crews working on new construction, it was a ghost town.”
Median home prices in both communities have dropped sharply over the last year, declining 33.6% in Corona and 30.3% in Ontario, according to DataQuick Information Systems. In Corona, the median sales price fell nearly $200,000 from May 2007 to May 2008, dropping from $565,000 to $375,000.
More from Deer’s note: “The homes all appeared to be empty, and there were no prospective buyers anywhere to be found. Surprisingly, the sales office was open … but the woman working there had questionable English fluency. When asked how many homes had been sold in the past month she simply responded, ‘Uh huh. Thank you. Yes!’ and handed us some additional literature on the property.”
More: “Perhaps the most interesting aspect to the development was what it revealed about the nature of the housing boom: that at the peak even the most undesirable and remote locations were worthy of expensive, high-end homes.”
Overall, Deer’s note on the California economy — and the relative health of California-based banks and thrifts — strikes a balanced chord, reporting that, while the “outlook remains gloomy,” “the pace of new problems has slowed somewhat.”
http://latimesblogs.latimes.com/laland/2008/07/analyst-sees-gh.html
ParticipantAnalyst sees ‘ghost town’ in Inland Empire:
A financial analyst fresh from a tour of construction sites in the Inland Empire is warning Wall Street of a “ghost town” where finished homes sit vacant and additional homes are still under construction.
“At several properties, there were a significant number of fully built homes sitting vacant along with a large number of additional homes still under construction,” Sandler O’Neill & Partners analyst Aaron Deer wrote today after touring developments in Corona and Ontario. “At one master plan community, the entire development appeared to be vacant — with the exception of crews working on new construction, it was a ghost town.”
Median home prices in both communities have dropped sharply over the last year, declining 33.6% in Corona and 30.3% in Ontario, according to DataQuick Information Systems. In Corona, the median sales price fell nearly $200,000 from May 2007 to May 2008, dropping from $565,000 to $375,000.
More from Deer’s note: “The homes all appeared to be empty, and there were no prospective buyers anywhere to be found. Surprisingly, the sales office was open … but the woman working there had questionable English fluency. When asked how many homes had been sold in the past month she simply responded, ‘Uh huh. Thank you. Yes!’ and handed us some additional literature on the property.”
More: “Perhaps the most interesting aspect to the development was what it revealed about the nature of the housing boom: that at the peak even the most undesirable and remote locations were worthy of expensive, high-end homes.”
Overall, Deer’s note on the California economy — and the relative health of California-based banks and thrifts — strikes a balanced chord, reporting that, while the “outlook remains gloomy,” “the pace of new problems has slowed somewhat.”
http://latimesblogs.latimes.com/laland/2008/07/analyst-sees-gh.html
ParticipantAnalyst sees ‘ghost town’ in Inland Empire:
A financial analyst fresh from a tour of construction sites in the Inland Empire is warning Wall Street of a “ghost town” where finished homes sit vacant and additional homes are still under construction.
“At several properties, there were a significant number of fully built homes sitting vacant along with a large number of additional homes still under construction,” Sandler O’Neill & Partners analyst Aaron Deer wrote today after touring developments in Corona and Ontario. “At one master plan community, the entire development appeared to be vacant — with the exception of crews working on new construction, it was a ghost town.”
Median home prices in both communities have dropped sharply over the last year, declining 33.6% in Corona and 30.3% in Ontario, according to DataQuick Information Systems. In Corona, the median sales price fell nearly $200,000 from May 2007 to May 2008, dropping from $565,000 to $375,000.
More from Deer’s note: “The homes all appeared to be empty, and there were no prospective buyers anywhere to be found. Surprisingly, the sales office was open … but the woman working there had questionable English fluency. When asked how many homes had been sold in the past month she simply responded, ‘Uh huh. Thank you. Yes!’ and handed us some additional literature on the property.”
More: “Perhaps the most interesting aspect to the development was what it revealed about the nature of the housing boom: that at the peak even the most undesirable and remote locations were worthy of expensive, high-end homes.”
Overall, Deer’s note on the California economy — and the relative health of California-based banks and thrifts — strikes a balanced chord, reporting that, while the “outlook remains gloomy,” “the pace of new problems has slowed somewhat.”
http://latimesblogs.latimes.com/laland/2008/07/analyst-sees-gh.html
ParticipantExperienced MIT Grad For Hire
ParticipantExperienced MIT Grad For Hire
ParticipantExperienced MIT Grad For Hire
ParticipantExperienced MIT Grad For Hire
ParticipantExperienced MIT Grad For Hire
Participant10 Things You Can Like About $4 Gas
I thought you might find this article interesting
http://www.time.com/time/specials/packages/article/0,28804,1819594_1819592,00.html
Here is a breakdown of the benefits of expensive fuel:
1. Globalized jobs will return to the US.
2. Urban sprawl is slowing down and may stop.
3. Many employers are letting people work four days a week.
4. Less driving means cleaner air and therefore, better respiratory health.
5. People are wasting less fuel. They are now taking better care of their cars.
6. Fewer drivers means fewer collisions and therefore, fewer deaths.
7. Driving your car fewer miles could lead to lower insurance rates, especially if you stop using it to commute.
8. Fewer drivers means less traffic congestion.
9. You will see more police on foot and on bicycles in your neighborhood, improving both their health and community relations.
10. People get more exercise and eat out less when gas is expensive.Participant10 Things You Can Like About $4 Gas
I thought you might find this article interesting
http://www.time.com/time/specials/packages/article/0,28804,1819594_1819592,00.html
Here is a breakdown of the benefits of expensive fuel:
1. Globalized jobs will return to the US.
2. Urban sprawl is slowing down and may stop.
3. Many employers are letting people work four days a week.
4. Less driving means cleaner air and therefore, better respiratory health.
5. People are wasting less fuel. They are now taking better care of their cars.
6. Fewer drivers means fewer collisions and therefore, fewer deaths.
7. Driving your car fewer miles could lead to lower insurance rates, especially if you stop using it to commute.
8. Fewer drivers means less traffic congestion.
9. You will see more police on foot and on bicycles in your neighborhood, improving both their health and community relations.
10. People get more exercise and eat out less when gas is expensive.Participant10 Things You Can Like About $4 Gas
I thought you might find this article interesting
http://www.time.com/time/specials/packages/article/0,28804,1819594_1819592,00.html
Here is a breakdown of the benefits of expensive fuel:
1. Globalized jobs will return to the US.
2. Urban sprawl is slowing down and may stop.
3. Many employers are letting people work four days a week.
4. Less driving means cleaner air and therefore, better respiratory health.
5. People are wasting less fuel. They are now taking better care of their cars.
6. Fewer drivers means fewer collisions and therefore, fewer deaths.
7. Driving your car fewer miles could lead to lower insurance rates, especially if you stop using it to commute.
8. Fewer drivers means less traffic congestion.
9. You will see more police on foot and on bicycles in your neighborhood, improving both their health and community relations.
10. People get more exercise and eat out less when gas is expensive.Participant10 Things You Can Like About $4 Gas
I thought you might find this article interesting
http://www.time.com/time/specials/packages/article/0,28804,1819594_1819592,00.html
Here is a breakdown of the benefits of expensive fuel:
1. Globalized jobs will return to the US.
2. Urban sprawl is slowing down and may stop.
3. Many employers are letting people work four days a week.
4. Less driving means cleaner air and therefore, better respiratory health.
5. People are wasting less fuel. They are now taking better care of their cars.
6. Fewer drivers means fewer collisions and therefore, fewer deaths.
7. Driving your car fewer miles could lead to lower insurance rates, especially if you stop using it to commute.
8. Fewer drivers means less traffic congestion.
9. You will see more police on foot and on bicycles in your neighborhood, improving both their health and community relations.
10. People get more exercise and eat out less when gas is expensive. -
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