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sdduuuude
ParticipantI have been doing the shopping thing this weekend.
I was in Borders yesterday. 35 minute line to pay. Literally 100 people in line.
Lots of shoppers doesn’t necessarily mean high sales and profit. With lower prices and smaller loads, sales may still suffer.
Long lines can also mean lots of shoppers, or not enough staff so be careful drawing conclusions.
Parking at UTC on Sat. was remarkable. Truly full. I went on top of the garage near the food court and found a couple spots.
I bought lobster at Costco today $20/lb for tails. Seemed cheap.
This recession is odd. The numbers are terrible, but life seems the same. Maybe it is a great shakeout. While some are in good shape, many are not. There seems to be disparity everywhere. Best Buy doing well. Circuit City going bankrupt. Some real estate markets tanking. Others holding strong.
sdduuuude
ParticipantI have been doing the shopping thing this weekend.
I was in Borders yesterday. 35 minute line to pay. Literally 100 people in line.
Lots of shoppers doesn’t necessarily mean high sales and profit. With lower prices and smaller loads, sales may still suffer.
Long lines can also mean lots of shoppers, or not enough staff so be careful drawing conclusions.
Parking at UTC on Sat. was remarkable. Truly full. I went on top of the garage near the food court and found a couple spots.
I bought lobster at Costco today $20/lb for tails. Seemed cheap.
This recession is odd. The numbers are terrible, but life seems the same. Maybe it is a great shakeout. While some are in good shape, many are not. There seems to be disparity everywhere. Best Buy doing well. Circuit City going bankrupt. Some real estate markets tanking. Others holding strong.
sdduuuude
ParticipantI have been doing the shopping thing this weekend.
I was in Borders yesterday. 35 minute line to pay. Literally 100 people in line.
Lots of shoppers doesn’t necessarily mean high sales and profit. With lower prices and smaller loads, sales may still suffer.
Long lines can also mean lots of shoppers, or not enough staff so be careful drawing conclusions.
Parking at UTC on Sat. was remarkable. Truly full. I went on top of the garage near the food court and found a couple spots.
I bought lobster at Costco today $20/lb for tails. Seemed cheap.
This recession is odd. The numbers are terrible, but life seems the same. Maybe it is a great shakeout. While some are in good shape, many are not. There seems to be disparity everywhere. Best Buy doing well. Circuit City going bankrupt. Some real estate markets tanking. Others holding strong.
December 19, 2008 at 2:43 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #318107sdduuuude
ParticipantNaw. Not really. I have a house and hope to buy a different one in about 5 years. The median has gotten killed. Another 25% would really be bad news. I’m more concerned w/ staying employed than housing prices at this point.
Plus, I’m relying on a statistical anomaly to win. I think price reductions at the low end are just about done, and suspect the future damage will be done in properties above the median which will have little affect on the median at all.
Note how in the early days of the crash, the low end was getting killed. In fact, it bumped up as low-end sales reduced. We all saw it, but the median barely moved. Then, as it hit middle ground, the median collapsed. As it moves past the median, I suspect the movement of the median will slow dramatically even as some neighborhoods get creamed. Sales reductions on the high end, though, will push it down a bit.
Not sure I’d take the “under 25%” position if it were Case-Schiller. Maybe I would. Yeah. I think I would.
So the magic number is 228,750.
Can anyone clarify what median measure was $305K in Nov ? Was it all sales or resales ?
December 19, 2008 at 2:43 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #318455sdduuuude
ParticipantNaw. Not really. I have a house and hope to buy a different one in about 5 years. The median has gotten killed. Another 25% would really be bad news. I’m more concerned w/ staying employed than housing prices at this point.
Plus, I’m relying on a statistical anomaly to win. I think price reductions at the low end are just about done, and suspect the future damage will be done in properties above the median which will have little affect on the median at all.
Note how in the early days of the crash, the low end was getting killed. In fact, it bumped up as low-end sales reduced. We all saw it, but the median barely moved. Then, as it hit middle ground, the median collapsed. As it moves past the median, I suspect the movement of the median will slow dramatically even as some neighborhoods get creamed. Sales reductions on the high end, though, will push it down a bit.
Not sure I’d take the “under 25%” position if it were Case-Schiller. Maybe I would. Yeah. I think I would.
So the magic number is 228,750.
Can anyone clarify what median measure was $305K in Nov ? Was it all sales or resales ?
December 19, 2008 at 2:43 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #318498sdduuuude
ParticipantNaw. Not really. I have a house and hope to buy a different one in about 5 years. The median has gotten killed. Another 25% would really be bad news. I’m more concerned w/ staying employed than housing prices at this point.
Plus, I’m relying on a statistical anomaly to win. I think price reductions at the low end are just about done, and suspect the future damage will be done in properties above the median which will have little affect on the median at all.
Note how in the early days of the crash, the low end was getting killed. In fact, it bumped up as low-end sales reduced. We all saw it, but the median barely moved. Then, as it hit middle ground, the median collapsed. As it moves past the median, I suspect the movement of the median will slow dramatically even as some neighborhoods get creamed. Sales reductions on the high end, though, will push it down a bit.
Not sure I’d take the “under 25%” position if it were Case-Schiller. Maybe I would. Yeah. I think I would.
So the magic number is 228,750.
Can anyone clarify what median measure was $305K in Nov ? Was it all sales or resales ?
December 19, 2008 at 2:43 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #318518sdduuuude
ParticipantNaw. Not really. I have a house and hope to buy a different one in about 5 years. The median has gotten killed. Another 25% would really be bad news. I’m more concerned w/ staying employed than housing prices at this point.
Plus, I’m relying on a statistical anomaly to win. I think price reductions at the low end are just about done, and suspect the future damage will be done in properties above the median which will have little affect on the median at all.
Note how in the early days of the crash, the low end was getting killed. In fact, it bumped up as low-end sales reduced. We all saw it, but the median barely moved. Then, as it hit middle ground, the median collapsed. As it moves past the median, I suspect the movement of the median will slow dramatically even as some neighborhoods get creamed. Sales reductions on the high end, though, will push it down a bit.
Not sure I’d take the “under 25%” position if it were Case-Schiller. Maybe I would. Yeah. I think I would.
So the magic number is 228,750.
Can anyone clarify what median measure was $305K in Nov ? Was it all sales or resales ?
December 19, 2008 at 2:43 PM in reply to: Fed empties the Armory, expends all ammo, housing has bottomed. SD RE will cost more in August of 09 than it does now. #318597sdduuuude
ParticipantNaw. Not really. I have a house and hope to buy a different one in about 5 years. The median has gotten killed. Another 25% would really be bad news. I’m more concerned w/ staying employed than housing prices at this point.
Plus, I’m relying on a statistical anomaly to win. I think price reductions at the low end are just about done, and suspect the future damage will be done in properties above the median which will have little affect on the median at all.
Note how in the early days of the crash, the low end was getting killed. In fact, it bumped up as low-end sales reduced. We all saw it, but the median barely moved. Then, as it hit middle ground, the median collapsed. As it moves past the median, I suspect the movement of the median will slow dramatically even as some neighborhoods get creamed. Sales reductions on the high end, though, will push it down a bit.
Not sure I’d take the “under 25%” position if it were Case-Schiller. Maybe I would. Yeah. I think I would.
So the magic number is 228,750.
Can anyone clarify what median measure was $305K in Nov ? Was it all sales or resales ?
sdduuuude
ParticipantThanks. That’s interesting.
So, you live in Carmel Valley and you send your kids to private school ?
That’s just wierd. Not in a bad way. Just that I expect people to live in Carmel Valley so they can send their kids to the nice, free schools there.
If I sent my kids to private school, I certainly wouldn’t live in CV, even if the school were there.
sdduuuude
ParticipantThanks. That’s interesting.
So, you live in Carmel Valley and you send your kids to private school ?
That’s just wierd. Not in a bad way. Just that I expect people to live in Carmel Valley so they can send their kids to the nice, free schools there.
If I sent my kids to private school, I certainly wouldn’t live in CV, even if the school were there.
sdduuuude
ParticipantThanks. That’s interesting.
So, you live in Carmel Valley and you send your kids to private school ?
That’s just wierd. Not in a bad way. Just that I expect people to live in Carmel Valley so they can send their kids to the nice, free schools there.
If I sent my kids to private school, I certainly wouldn’t live in CV, even if the school were there.
sdduuuude
ParticipantThanks. That’s interesting.
So, you live in Carmel Valley and you send your kids to private school ?
That’s just wierd. Not in a bad way. Just that I expect people to live in Carmel Valley so they can send their kids to the nice, free schools there.
If I sent my kids to private school, I certainly wouldn’t live in CV, even if the school were there.
sdduuuude
ParticipantThanks. That’s interesting.
So, you live in Carmel Valley and you send your kids to private school ?
That’s just wierd. Not in a bad way. Just that I expect people to live in Carmel Valley so they can send their kids to the nice, free schools there.
If I sent my kids to private school, I certainly wouldn’t live in CV, even if the school were there.
sdduuuude
Participantcvmom – do you know if the ratios are actually better in private schools ? I have heard that they are not typically better than the 20-1 required in the younger public school grades.
Any specific examples ?
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