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Navydoc
Participant[quote=bsrsharma]USA will NEVER fully recover from it
Isn’t that extreme? [/quote]
No, I don’t think it is. I think of the current situation as very similar to what happened to the American automotive industry in the 1970’s. When fuel costs began soaring what happened? US companies were still building large, overpowered, gas guzzling muscle cars, while the Japanese and the Germans responded with smaller, fuel efficient, reliable cars that took the market by storm. It took almost a full decade for the big 3 to respond, and we ended up with cars like the Reliant K as a legacy of the times.
Has the US auto industry recovered from those times? I don’t think so. How often did you see a foreign car in the early 70’s? Almost never. By 1980 they were everywhwere, and now Toyota is the world’s largest auto maker. Heres another thing- when I was a kid “made in Japan” meant junk. Anybody else remember those days? Now it’s a badge of quality.
If we as a country fail to respond adequately to the challeges facing us, there is no doubt in my mind that we will recede as the world’s largest economy, and be replaced by those countries who are more adaptable and forward-thinking than we are.
Participant[quote=bsrsharma]USA will NEVER fully recover from it
Isn’t that extreme? [/quote]
No, I don’t think it is. I think of the current situation as very similar to what happened to the American automotive industry in the 1970’s. When fuel costs began soaring what happened? US companies were still building large, overpowered, gas guzzling muscle cars, while the Japanese and the Germans responded with smaller, fuel efficient, reliable cars that took the market by storm. It took almost a full decade for the big 3 to respond, and we ended up with cars like the Reliant K as a legacy of the times.
Has the US auto industry recovered from those times? I don’t think so. How often did you see a foreign car in the early 70’s? Almost never. By 1980 they were everywhwere, and now Toyota is the world’s largest auto maker. Heres another thing- when I was a kid “made in Japan” meant junk. Anybody else remember those days? Now it’s a badge of quality.
If we as a country fail to respond adequately to the challeges facing us, there is no doubt in my mind that we will recede as the world’s largest economy, and be replaced by those countries who are more adaptable and forward-thinking than we are.
Participant[quote=bsrsharma]USA will NEVER fully recover from it
Isn’t that extreme? [/quote]
No, I don’t think it is. I think of the current situation as very similar to what happened to the American automotive industry in the 1970’s. When fuel costs began soaring what happened? US companies were still building large, overpowered, gas guzzling muscle cars, while the Japanese and the Germans responded with smaller, fuel efficient, reliable cars that took the market by storm. It took almost a full decade for the big 3 to respond, and we ended up with cars like the Reliant K as a legacy of the times.
Has the US auto industry recovered from those times? I don’t think so. How often did you see a foreign car in the early 70’s? Almost never. By 1980 they were everywhwere, and now Toyota is the world’s largest auto maker. Heres another thing- when I was a kid “made in Japan” meant junk. Anybody else remember those days? Now it’s a badge of quality.
If we as a country fail to respond adequately to the challeges facing us, there is no doubt in my mind that we will recede as the world’s largest economy, and be replaced by those countries who are more adaptable and forward-thinking than we are.
ParticipantI’ve said it before, and I’ll say it again now- 4S is Alt-A and option arm toxic mortgage central. I wonder what the average household income of 4S is. I would wager a lot of money it doesn’t support $800K+ homes with traditional fundamentals. At least not the number that exist in 4s.
People with the kind of income that support those prices want to live in La Jolla or at least Carmel Valley, not 4S. Don’t get me wrong, I like 4S, and house prices there are starting to get tempting. I suspect they will only get better from here.
ParticipantI’ve said it before, and I’ll say it again now- 4S is Alt-A and option arm toxic mortgage central. I wonder what the average household income of 4S is. I would wager a lot of money it doesn’t support $800K+ homes with traditional fundamentals. At least not the number that exist in 4s.
People with the kind of income that support those prices want to live in La Jolla or at least Carmel Valley, not 4S. Don’t get me wrong, I like 4S, and house prices there are starting to get tempting. I suspect they will only get better from here.
ParticipantI’ve said it before, and I’ll say it again now- 4S is Alt-A and option arm toxic mortgage central. I wonder what the average household income of 4S is. I would wager a lot of money it doesn’t support $800K+ homes with traditional fundamentals. At least not the number that exist in 4s.
People with the kind of income that support those prices want to live in La Jolla or at least Carmel Valley, not 4S. Don’t get me wrong, I like 4S, and house prices there are starting to get tempting. I suspect they will only get better from here.
ParticipantI’ve said it before, and I’ll say it again now- 4S is Alt-A and option arm toxic mortgage central. I wonder what the average household income of 4S is. I would wager a lot of money it doesn’t support $800K+ homes with traditional fundamentals. At least not the number that exist in 4s.
People with the kind of income that support those prices want to live in La Jolla or at least Carmel Valley, not 4S. Don’t get me wrong, I like 4S, and house prices there are starting to get tempting. I suspect they will only get better from here.
ParticipantI’ve said it before, and I’ll say it again now- 4S is Alt-A and option arm toxic mortgage central. I wonder what the average household income of 4S is. I would wager a lot of money it doesn’t support $800K+ homes with traditional fundamentals. At least not the number that exist in 4s.
People with the kind of income that support those prices want to live in La Jolla or at least Carmel Valley, not 4S. Don’t get me wrong, I like 4S, and house prices there are starting to get tempting. I suspect they will only get better from here.
ParticipantBack in the mid 80’s I worked at a Wendy’s in Pittsburgh. You would be amazed how low the profit margins are at individual fast food franchises. After everyone was paid, including employees, franchise fees, overhead, etc., our average monthly net profit for the store was around $400. I’m surprised it’s taken this long to charge for condiments.
ParticipantBack in the mid 80’s I worked at a Wendy’s in Pittsburgh. You would be amazed how low the profit margins are at individual fast food franchises. After everyone was paid, including employees, franchise fees, overhead, etc., our average monthly net profit for the store was around $400. I’m surprised it’s taken this long to charge for condiments.
ParticipantBack in the mid 80’s I worked at a Wendy’s in Pittsburgh. You would be amazed how low the profit margins are at individual fast food franchises. After everyone was paid, including employees, franchise fees, overhead, etc., our average monthly net profit for the store was around $400. I’m surprised it’s taken this long to charge for condiments.
ParticipantBack in the mid 80’s I worked at a Wendy’s in Pittsburgh. You would be amazed how low the profit margins are at individual fast food franchises. After everyone was paid, including employees, franchise fees, overhead, etc., our average monthly net profit for the store was around $400. I’m surprised it’s taken this long to charge for condiments.
ParticipantBack in the mid 80’s I worked at a Wendy’s in Pittsburgh. You would be amazed how low the profit margins are at individual fast food franchises. After everyone was paid, including employees, franchise fees, overhead, etc., our average monthly net profit for the store was around $400. I’m surprised it’s taken this long to charge for condiments.
ParticipantThey’re very nice homes. Unfortunately I’d have to charter a helicopter to Balboa hospital for my daily commute. Either that or put up with 4 hrs of driving every day. I’d rather pay twice as much for the house!
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