If I predict recession every year I will get it right eventually.My understanding of economics is that something either goes up or it goes down. There are 50-50 odds to guess right. Some may guess 60% right but will eventually revert back to the mean. Its too bad this is a time when the system has been raped for every nickel and dime for the next few years.
I remember in 2005 that It seems every month the paper reported that real estate sales were down by double digits though the values seem to be holding up. You would think an intelligent person would realize sales cannot drop by such a magnitude without values following.
We had similar issues on the east coast – with markets cresting on or around July 4th – 2005 around the coast and in the mountains. The 3rd wave of the economic issues could come in the next 90 days – when we see COMMERCIAL LOANS defaulting. IMHO
Comment by Eleanor Thorne — March 23, 2008 @ 8:47 am
If I predict recession every year I will get it right eventually.My understanding of economics is that something either goes up or it goes down. There are 50-50 odds to guess right. Some may guess 60% right but will eventually revert back to the mean. Its too bad this is a time when the system has been raped for every nickel and dime for the next few years.
Rebecca
San Diego Dentist
Comment by San Diego tooth whitening — March 17, 2008 @ 11:15 am
I remember in 2005 that It seems every month the paper reported that real estate sales were down by double digits though the values seem to be holding up. You would think an intelligent person would realize sales cannot drop by such a magnitude without values following.
Bailey
San Diego Family Dentistry
Comment by San Diego California dentist — March 20, 2008 @ 9:50 am
It’s simple. House prices have to come down to pre-bubble level. It’s hard to take for a lot of folks. But that’s reality.
Abby
San Diego California Attorneys
Comment by San Diego lawyers — March 20, 2008 @ 9:51 am
We had similar issues on the east coast – with markets cresting on or around July 4th – 2005 around the coast and in the mountains. The 3rd wave of the economic issues could come in the next 90 days – when we see COMMERCIAL LOANS defaulting. IMHO
Comment by Eleanor Thorne — March 23, 2008 @ 8:47 am