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Tuesday, September 08, 1981

Friday Open Thread

This is your open thread for today. Please post random links and off-topic discussions here.

12 comments:

Nolaguy said...

"The housing market is looking sicker by the day":

http://www.businessweek.com/investor/content/sep2006/pi20060907_654501.htm?chan=top+news_top+news+index_top+story

synthetik said...

http://www.voiceofsandiego.org/articles/2006/09/08/housing/964permit.txt

Friday, Sept. 8, 2006 | If you want to know how a home building company is holding up in an uncertain housing market, just peek in its break room. That's been the most apparent symbol of belt-tightening seen by Travis Carter, an intern in the land acquisition department at home builder Lennar Corp., since he started working there just six months ago.

"We used to have amazing food in our break room for free," Carter said. "Starbucks every morning with choice of five different creamers." He also remembers the Greek food and other catered meals the staff would enjoy for lunch meetings.

Now, he said, it's pizza once a month and Folgers instant coffee in the break room.

Anonymous said...

Yawn; another generalized national number. How about posting local numbers.

Anonymous said...

coffee is for closers

richard said...

Haha... I had to order Glengarry Glen Ross on Netflix a few weeks ago - so appropriate. No coincidence it was released to theaters in 1992.

Anonymous said...

It looks like news of the bubble burst has even made it to the political cartoonists.

Anonymous said...

Please chk this out!

http://money.cnn.com/2006/09/08/news/economy/recession.reut/index.htm?postversion=2006090811

AnotherMIGuy said...

Maybe we are different - here's an economy.com forecast.

http://www.forbes.com//2006/09/06/cx_lr_09-7homeslide_13.html?thisSpeed=20000

meshugy said...

Here's a better link:

How Low Will Real Estate Go?

Seattle

Median Price 2016: $612,383



The company bases its forecasts on an econometric model that looks at the relationship between prices and various factors that have historically driven supply and demand in these markets. The intricate formula was proved to work when compared with actual house-price performance through the early 1990s, a period when home prices rose and then fell sharply.

Lake Hills Renter said...

Forget economic fundamentals, that chart convinced me! I'd better buy now or be priced out forever!

meshugy said...

Let's try that agian:

How Low Will Real Estate Go?

Seattle

jpsfranks said...

From the same Forbes article:

San Diego

Does that comfort you?