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peterb
ParticipantNo, 3 weeks from today! Yeah, that’s it.
ParticipantNo, 3 weeks from today! Yeah, that’s it.
ParticipantNo, 3 weeks from today! Yeah, that’s it.
ParticipantI always thought O-side could be so much more than it is. But alas, with this down turn, it will probably get worse rather than better in the coming years.
ParticipantI always thought O-side could be so much more than it is. But alas, with this down turn, it will probably get worse rather than better in the coming years.
ParticipantI always thought O-side could be so much more than it is. But alas, with this down turn, it will probably get worse rather than better in the coming years.
ParticipantI always thought O-side could be so much more than it is. But alas, with this down turn, it will probably get worse rather than better in the coming years.
ParticipantI always thought O-side could be so much more than it is. But alas, with this down turn, it will probably get worse rather than better in the coming years.
ParticipantI am a careful student of economic history as well as CA RE history. (Never cared much for Kool-aid, but I know what you mean.) I’ve studied the last few RE cycles in CA, and unemployment over 6% has by far the greatest correlation to a downward cycle. We’re at 7.7% and heading for more. This is a terrible sign for CA RE! (Not to mention Foreclosures at off-the-chart-levels and growing.)
On the national economic front, economic history tells us that a credit bubble burst of this magnitude will retrace all bubble prices back to pre-bubble prices. And then drag along at this level for some time before any uptick is seen.Put these two histories together, local RE and national economics, and you’ve got some more down to go. Even somewhere as stricken as Temecula. $50 sq/ft. is not out of the question at all.
ParticipantI am a careful student of economic history as well as CA RE history. (Never cared much for Kool-aid, but I know what you mean.) I’ve studied the last few RE cycles in CA, and unemployment over 6% has by far the greatest correlation to a downward cycle. We’re at 7.7% and heading for more. This is a terrible sign for CA RE! (Not to mention Foreclosures at off-the-chart-levels and growing.)
On the national economic front, economic history tells us that a credit bubble burst of this magnitude will retrace all bubble prices back to pre-bubble prices. And then drag along at this level for some time before any uptick is seen.Put these two histories together, local RE and national economics, and you’ve got some more down to go. Even somewhere as stricken as Temecula. $50 sq/ft. is not out of the question at all.
ParticipantI am a careful student of economic history as well as CA RE history. (Never cared much for Kool-aid, but I know what you mean.) I’ve studied the last few RE cycles in CA, and unemployment over 6% has by far the greatest correlation to a downward cycle. We’re at 7.7% and heading for more. This is a terrible sign for CA RE! (Not to mention Foreclosures at off-the-chart-levels and growing.)
On the national economic front, economic history tells us that a credit bubble burst of this magnitude will retrace all bubble prices back to pre-bubble prices. And then drag along at this level for some time before any uptick is seen.Put these two histories together, local RE and national economics, and you’ve got some more down to go. Even somewhere as stricken as Temecula. $50 sq/ft. is not out of the question at all.
ParticipantI am a careful student of economic history as well as CA RE history. (Never cared much for Kool-aid, but I know what you mean.) I’ve studied the last few RE cycles in CA, and unemployment over 6% has by far the greatest correlation to a downward cycle. We’re at 7.7% and heading for more. This is a terrible sign for CA RE! (Not to mention Foreclosures at off-the-chart-levels and growing.)
On the national economic front, economic history tells us that a credit bubble burst of this magnitude will retrace all bubble prices back to pre-bubble prices. And then drag along at this level for some time before any uptick is seen.Put these two histories together, local RE and national economics, and you’ve got some more down to go. Even somewhere as stricken as Temecula. $50 sq/ft. is not out of the question at all.
ParticipantI am a careful student of economic history as well as CA RE history. (Never cared much for Kool-aid, but I know what you mean.) I’ve studied the last few RE cycles in CA, and unemployment over 6% has by far the greatest correlation to a downward cycle. We’re at 7.7% and heading for more. This is a terrible sign for CA RE! (Not to mention Foreclosures at off-the-chart-levels and growing.)
On the national economic front, economic history tells us that a credit bubble burst of this magnitude will retrace all bubble prices back to pre-bubble prices. And then drag along at this level for some time before any uptick is seen.Put these two histories together, local RE and national economics, and you’ve got some more down to go. Even somewhere as stricken as Temecula. $50 sq/ft. is not out of the question at all.
October 28, 2008 at 10:27 AM in reply to: Anyone change their opinion as to what and when the bottom wil be? #294099Participant4Plex. I agree. Human behavior does not change, so studying economic history really pays off. I think the bubble started in the last 1990’s in RE as it was clearly headed for a break in 2002 when Greenspan came in with 1% and kept it there. I remember very clearly selling two homes in 2002 and it was touch and go because the market was cooling off big time. Then, in 2003, after a year or so of 1%, the RE market started to get going again. Then loans got really stupid and we were off to the races. So a mid 1990’s price level for SD RE in the next 3 years would not surprise me at all. Getting in now, is really a bad move.
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