[SD Realtor]

Interesting article Ray. Personally I do feel we will (or already are) in a recession. The severity will be a tough call. Yes it may be a whopper or perhaps Ben and PP team will do whatever it takes to keep the consumerism lifeline intact. I simply do not know. To me employment is the big factor, and if engineers and 100k salaried people (and yes you all know who you are) start losing jobs things will indeed become precarious.

I think that there is a sense of omnipotence that many engineers and young professionals earning big money that are in the 20-40’s category have. Perhaps it is because they have not been through tough times or maybe they have but have always weathered the storm.

Now, with that sourpuss outlook I also do inherently pull for the home team. Something in me always tends to think that skilled motivated people can and will get by even when things are tough. In 2001 engineering jobs were hard to come by but you didn’t see many engineers working at home depot. Same with the early 90s.

Thanks to the other posters who have good knowledge of the stats like gdp and the “official” meaning of inflation. It doesn’t matter to me that the government tells me inflation is 3 or 30% because I know what I pay to SDGE and every few days at the pump and it is alot more then what I used to pay. So I guess I have the SDR inflation reading and that is all I care about.

So yeah perhaps it will be a mother of all recessions. Yes I inherently don’t really trust our leaders because I know they are looking out for them, not for me. However I am resourceful and I would bet many who read this site are as well.

SD Realtor

[SD Realtor]

Interesting article Ray. Personally I do feel we will (or already are) in a recession. The severity will be a tough call. Yes it may be a whopper or perhaps Ben and PP team will do whatever it takes to keep the consumerism lifeline intact. I simply do not know. To me employment is the big factor, and if engineers and 100k salaried people (and yes you all know who you are) start losing jobs things will indeed become precarious.

I think that there is a sense of omnipotence that many engineers and young professionals earning big money that are in the 20-40’s category have. Perhaps it is because they have not been through tough times or maybe they have but have always weathered the storm.

Now, with that sourpuss outlook I also do inherently pull for the home team. Something in me always tends to think that skilled motivated people can and will get by even when things are tough. In 2001 engineering jobs were hard to come by but you didn’t see many engineers working at home depot. Same with the early 90s.

Thanks to the other posters who have good knowledge of the stats like gdp and the “official” meaning of inflation. It doesn’t matter to me that the government tells me inflation is 3 or 30% because I know what I pay to SDGE and every few days at the pump and it is alot more then what I used to pay. So I guess I have the SDR inflation reading and that is all I care about.

So yeah perhaps it will be a mother of all recessions. Yes I inherently don’t really trust our leaders because I know they are looking out for them, not for me. However I am resourceful and I would bet many who read this site are as well.

SD Realtor

[SD Realtor]

Interesting article Ray. Personally I do feel we will (or already are) in a recession. The severity will be a tough call. Yes it may be a whopper or perhaps Ben and PP team will do whatever it takes to keep the consumerism lifeline intact. I simply do not know. To me employment is the big factor, and if engineers and 100k salaried people (and yes you all know who you are) start losing jobs things will indeed become precarious.

I think that there is a sense of omnipotence that many engineers and young professionals earning big money that are in the 20-40’s category have. Perhaps it is because they have not been through tough times or maybe they have but have always weathered the storm.

Now, with that sourpuss outlook I also do inherently pull for the home team. Something in me always tends to think that skilled motivated people can and will get by even when things are tough. In 2001 engineering jobs were hard to come by but you didn’t see many engineers working at home depot. Same with the early 90s.

Thanks to the other posters who have good knowledge of the stats like gdp and the “official” meaning of inflation. It doesn’t matter to me that the government tells me inflation is 3 or 30% because I know what I pay to SDGE and every few days at the pump and it is alot more then what I used to pay. So I guess I have the SDR inflation reading and that is all I care about.

So yeah perhaps it will be a mother of all recessions. Yes I inherently don’t really trust our leaders because I know they are looking out for them, not for me. However I am resourceful and I would bet many who read this site are as well.

SD Realtor

[SD Realtor]

Interesting article Ray. Personally I do feel we will (or already are) in a recession. The severity will be a tough call. Yes it may be a whopper or perhaps Ben and PP team will do whatever it takes to keep the consumerism lifeline intact. I simply do not know. To me employment is the big factor, and if engineers and 100k salaried people (and yes you all know who you are) start losing jobs things will indeed become precarious.

I think that there is a sense of omnipotence that many engineers and young professionals earning big money that are in the 20-40’s category have. Perhaps it is because they have not been through tough times or maybe they have but have always weathered the storm.

Now, with that sourpuss outlook I also do inherently pull for the home team. Something in me always tends to think that skilled motivated people can and will get by even when things are tough. In 2001 engineering jobs were hard to come by but you didn’t see many engineers working at home depot. Same with the early 90s.

Thanks to the other posters who have good knowledge of the stats like gdp and the “official” meaning of inflation. It doesn’t matter to me that the government tells me inflation is 3 or 30% because I know what I pay to SDGE and every few days at the pump and it is alot more then what I used to pay. So I guess I have the SDR inflation reading and that is all I care about.

So yeah perhaps it will be a mother of all recessions. Yes I inherently don’t really trust our leaders because I know they are looking out for them, not for me. However I am resourceful and I would bet many who read this site are as well.

SD Realtor

[SD Realtor]

Neeta watch the 10 year treasury yield.

SD Realtor

[SD Realtor]

Neeta watch the 10 year treasury yield.

SD Realtor

[SD Realtor]

Neeta watch the 10 year treasury yield.

SD Realtor

[SD Realtor]

Neeta watch the 10 year treasury yield.

SD Realtor

[SD Realtor]

Neeta watch the 10 year treasury yield.

SD Realtor

[SD Realtor]

You guys will love the listing history on this one. Original purchase in 7/05. First mtg for 1.424, second for 300k. So the homeowner did lose 300k of his own loot. The house has been on the MLS since August of 2006. Realist (which is the tax roll service used by Sandicor) is slow to get updates and has the home still owned by the homeowner and not the bank. However the NOT filed was for an auction date of 11/07 so I bet they had an offer on a short sale, it crashed and burned and the auction was postponed but now happened or will happen tomorrow especially since the listing says it is bank owned.

Anyways no this is not mainstream CV however it is very nice to see this 30% cut from the 2005 sales price. The home will go quick at this price. Not even close to an acre of usable ground as there is a slope that is in the lot. As you said zk it is more desireable in this part of CV and this will help bring down the comps there.

SD Realtor

[SD Realtor]

You guys will love the listing history on this one. Original purchase in 7/05. First mtg for 1.424, second for 300k. So the homeowner did lose 300k of his own loot. The house has been on the MLS since August of 2006. Realist (which is the tax roll service used by Sandicor) is slow to get updates and has the home still owned by the homeowner and not the bank. However the NOT filed was for an auction date of 11/07 so I bet they had an offer on a short sale, it crashed and burned and the auction was postponed but now happened or will happen tomorrow especially since the listing says it is bank owned.

Anyways no this is not mainstream CV however it is very nice to see this 30% cut from the 2005 sales price. The home will go quick at this price. Not even close to an acre of usable ground as there is a slope that is in the lot. As you said zk it is more desireable in this part of CV and this will help bring down the comps there.

SD Realtor

[SD Realtor]

You guys will love the listing history on this one. Original purchase in 7/05. First mtg for 1.424, second for 300k. So the homeowner did lose 300k of his own loot. The house has been on the MLS since August of 2006. Realist (which is the tax roll service used by Sandicor) is slow to get updates and has the home still owned by the homeowner and not the bank. However the NOT filed was for an auction date of 11/07 so I bet they had an offer on a short sale, it crashed and burned and the auction was postponed but now happened or will happen tomorrow especially since the listing says it is bank owned.

Anyways no this is not mainstream CV however it is very nice to see this 30% cut from the 2005 sales price. The home will go quick at this price. Not even close to an acre of usable ground as there is a slope that is in the lot. As you said zk it is more desireable in this part of CV and this will help bring down the comps there.

SD Realtor

[SD Realtor]

You guys will love the listing history on this one. Original purchase in 7/05. First mtg for 1.424, second for 300k. So the homeowner did lose 300k of his own loot. The house has been on the MLS since August of 2006. Realist (which is the tax roll service used by Sandicor) is slow to get updates and has the home still owned by the homeowner and not the bank. However the NOT filed was for an auction date of 11/07 so I bet they had an offer on a short sale, it crashed and burned and the auction was postponed but now happened or will happen tomorrow especially since the listing says it is bank owned.

Anyways no this is not mainstream CV however it is very nice to see this 30% cut from the 2005 sales price. The home will go quick at this price. Not even close to an acre of usable ground as there is a slope that is in the lot. As you said zk it is more desireable in this part of CV and this will help bring down the comps there.

SD Realtor

[SD Realtor]

You guys will love the listing history on this one. Original purchase in 7/05. First mtg for 1.424, second for 300k. So the homeowner did lose 300k of his own loot. The house has been on the MLS since August of 2006. Realist (which is the tax roll service used by Sandicor) is slow to get updates and has the home still owned by the homeowner and not the bank. However the NOT filed was for an auction date of 11/07 so I bet they had an offer on a short sale, it crashed and burned and the auction was postponed but now happened or will happen tomorrow especially since the listing says it is bank owned.

Anyways no this is not mainstream CV however it is very nice to see this 30% cut from the 2005 sales price. The home will go quick at this price. Not even close to an acre of usable ground as there is a slope that is in the lot. As you said zk it is more desireable in this part of CV and this will help bring down the comps there.

SD Realtor

[SD Realtor]

“Collectively, we should all pretend everything is okay, keep going to the safety of our secure jobs, let the government do its job of regulating the markets, let somebody in authority do his job of keeping everyone toe the line, and we keep spending for the economy. Individually, however (including the ones in government), we all say “It’s not my problem.” There’s your solution, ostrich!”

Okay so that is a helpful post.

What is your recommendation that we should all do?

SD Realtor

[Author]

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