Forum Replies Created
-
AuthorPosts
-
PD
ParticipantPresident Bush is not solely responsible for people hating the US. Perhaps it is “because of the financial games the US has been playing for decades.”
ParticipantHow long is temporary? There are many small businesses that could not afford a month with no sales. If people quit going to work, employers might get away with stopping wages but they will still have to pay other overhead.
Three weeks may not be long enough. Flu season lasts for months. What if everything shuts down for six months?ParticipantIf the bird flue was particulary virulent, everything could just grind to a halt. People would quit going to work so nothing would get done. The markets would tank unless trading was halted.
A significant mortality rate would reduce population, reducing demand. Housing values would sink even if they weren’t currently overpriced.
ParticipantI read an article today where a realtor attributes the increase in listings to slow sales in the fall (meaning everything has been just fine this spring). He says the increase is due to people who took their house off the market last fall when it did not sell and have now put it back up for sale.
WHEW! Nothing to worry about folks! The glut of homes for sale only reflects a problem last fall!
I think there are a lot of good realtors out there who HAVE to convince themselves that everything is fine. How else could they sell overpriced home to nice families? It would be hard to look at yourself in the mirror if you KNEW that you were shepherding good people toward financial ruin.
ParticipantI read an article today where a realtor attributes the increase in listings to slow sales in the fall (meaning everything has been just fine this spring). He says the increase is due to people who took their house off the market last fall when it did not sell and have now put it back up for sale.
WHEW! Nothing to worry about folks! The glut of homes for sale only reflects a problem last fall!
I think there are a lot of good realtors out there who HAVE to convince themselves that everything is fine. How else could they sell overpriced home to nice families? It would be hard to look at yourself in the mirror if you KNEW that you were shepherding good people toward financial ruin.
ParticipantI agree with that. I don’t see real estate as a scapegoat. I do think a housing crash could be a trigger for bigger problems. The stage has been set by many factors. All we need is a flashpoint and real estate could be it.
ParticipantAlthough I agree that whatever happens will be a natural correction, I don’t think it is irrelevant if the crash causes a recession/depression.
A housing crash will hurt some a lot but people who don’t have to move will be able to ride it out. A recession will have much wider repercussions and a depression will be even worse. How is that irrelevant? Even people who sold before the crash could find themselves in bad shape due to a lost job.
ParticipantDoes anyone recommend switching cash from USD to another currency? Whidh one? What is the best way to do this?
ParticipantPowayseller, will you go into more detail? I’m not sure that I’m reading you right.
ParticipantA 50% correction NATIONWIDE would cause a depression as this would be a correction to WAY below the national mean. That won’t happen unless there is some very strange event (like Bird Flu?).
A 50% drop here and in other places would not be strange and could be a key component in triggering a recession.
ParticipantFrom Stanford.edu: “The influenza pandemic of 1918-1919 killed more people than the Great War, known today as World War I (WWI), at somewhere between 20 and 40 million people. It has been cited as the most devastating epidemic in recorded world history. More people died of influenza in a single year than in four-years of the Black Death Bubonic Plague from 1347 to 1351. Known as “Spanish Flu” or “La Grippe” the influenza of 1918-1919 was a global disaster.”
What happened to the world economy then and what would happen today?
Although I have not done research to substantiate this, I remember reading that the Bubonic Plague resulted in short term financial problems but had a positive effect on the survivors. The Plague created a shortage of workers, so wages went up. The wealth was also spread between fewer people.
ParticipantIf there is a 50% correction in the US as a whole, then it will cause a financial meltdown. I don’t think the correction will turn out to be that deep, as an average. However, I do think it will be that bad here and in some other markets. It also seems possible if not probable that there will be resulting recession but not a depression. Bird flu could be the wild card factor. Think what would happen if bird flu strikes and causes major mortality and chaos.
Bugs, I’m also feeling more and more like a Roman. Excess is very rarely allowed to go unchecked.
ParticipantThe military will fight any enchroachment on their land or airspace.
With Miramar, people see all of that land and say, “Look, plenty of space for an airport.” However, those same people have no idea what the air traffic patterns are like and what adding heavy civilian traffic will do to operations. Further, the military will not be adding any more space or bases in SoCal and it is not possible to predict how much space we are going to need in the future for effective defense and training.
The word at Miramar is that there will be no civilian airport there. I don’t know what they are saying up at Pendleton but it is probably the same thing.
My personal OPINION is that an airport should be built in Ramona and either the 67 should be expanded or a new road/freeway should be built through Poway. Or we could be like the Japanese and build a sinking island (just kidding).
ParticipantThe military will stand firm against it. The military powers that be are saying NO, NO and NO WAY.
-
AuthorPosts
