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ParticipantThey claim this is an unlikely worst case scenario but entire article, and of course Yun’s comments, make no mention of the coming Alt-A crisis, the already rising unemployment, and the equity crisis.
Not to mention many say we are already in stagflation.
Based on the peak Case Shiller data a 40% decrease would be late 2002 prices for SD and Mid-late 2003 for LA.
ParticipantThey claim this is an unlikely worst case scenario but entire article, and of course Yun’s comments, make no mention of the coming Alt-A crisis, the already rising unemployment, and the equity crisis.
Not to mention many say we are already in stagflation.
Based on the peak Case Shiller data a 40% decrease would be late 2002 prices for SD and Mid-late 2003 for LA.
ParticipantThey claim this is an unlikely worst case scenario but entire article, and of course Yun’s comments, make no mention of the coming Alt-A crisis, the already rising unemployment, and the equity crisis.
Not to mention many say we are already in stagflation.
Based on the peak Case Shiller data a 40% decrease would be late 2002 prices for SD and Mid-late 2003 for LA.
ParticipantThey claim this is an unlikely worst case scenario but entire article, and of course Yun’s comments, make no mention of the coming Alt-A crisis, the already rising unemployment, and the equity crisis.
Not to mention many say we are already in stagflation.
Based on the peak Case Shiller data a 40% decrease would be late 2002 prices for SD and Mid-late 2003 for LA.
ParticipantAnother bandaid on a broken leg.
How does this affect inflation and the value of the dollar?
ParticipantAnother bandaid on a broken leg.
How does this affect inflation and the value of the dollar?
ParticipantAnother bandaid on a broken leg.
How does this affect inflation and the value of the dollar?
ParticipantAnother bandaid on a broken leg.
How does this affect inflation and the value of the dollar?
ParticipantAnother bandaid on a broken leg.
How does this affect inflation and the value of the dollar?
ParticipantI personally don’t see people this age (mid-twenties) pinching as many pennies as the article states.
The sense of entitlement innate to this generation will continue to drive personal spending on all the toys they couldn’t afford in high school.
Their spending will slow through the recession, but they’re putting off life’s major decisions (kids, marriage, house) thinking they have 50-60 years to do all that. I think as they come to the realization debt is bad they’llpush those descisions back even further, opting for that brand new camera phone or iPod.
Very few of these people actually save money, and with down payments making a comeback expect this generation that has been priced out of a home anyway to delay buying even longer.
ParticipantI personally don’t see people this age (mid-twenties) pinching as many pennies as the article states.
The sense of entitlement innate to this generation will continue to drive personal spending on all the toys they couldn’t afford in high school.
Their spending will slow through the recession, but they’re putting off life’s major decisions (kids, marriage, house) thinking they have 50-60 years to do all that. I think as they come to the realization debt is bad they’llpush those descisions back even further, opting for that brand new camera phone or iPod.
Very few of these people actually save money, and with down payments making a comeback expect this generation that has been priced out of a home anyway to delay buying even longer.
ParticipantI personally don’t see people this age (mid-twenties) pinching as many pennies as the article states.
The sense of entitlement innate to this generation will continue to drive personal spending on all the toys they couldn’t afford in high school.
Their spending will slow through the recession, but they’re putting off life’s major decisions (kids, marriage, house) thinking they have 50-60 years to do all that. I think as they come to the realization debt is bad they’llpush those descisions back even further, opting for that brand new camera phone or iPod.
Very few of these people actually save money, and with down payments making a comeback expect this generation that has been priced out of a home anyway to delay buying even longer.
ParticipantI personally don’t see people this age (mid-twenties) pinching as many pennies as the article states.
The sense of entitlement innate to this generation will continue to drive personal spending on all the toys they couldn’t afford in high school.
Their spending will slow through the recession, but they’re putting off life’s major decisions (kids, marriage, house) thinking they have 50-60 years to do all that. I think as they come to the realization debt is bad they’llpush those descisions back even further, opting for that brand new camera phone or iPod.
Very few of these people actually save money, and with down payments making a comeback expect this generation that has been priced out of a home anyway to delay buying even longer.
ParticipantI personally don’t see people this age (mid-twenties) pinching as many pennies as the article states.
The sense of entitlement innate to this generation will continue to drive personal spending on all the toys they couldn’t afford in high school.
Their spending will slow through the recession, but they’re putting off life’s major decisions (kids, marriage, house) thinking they have 50-60 years to do all that. I think as they come to the realization debt is bad they’llpush those descisions back even further, opting for that brand new camera phone or iPod.
Very few of these people actually save money, and with down payments making a comeback expect this generation that has been priced out of a home anyway to delay buying even longer.
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