The Blog Connection for Riverside and San Diego County: Real Estate and Economy Home Page

ii

Los Angeles county, Riverside county, and Northern California locations, please click here  East coast and outside California Palm Springs, Riverside County, and the Southern California areas are included.   " All this reinforces the sense of entitlement that we as Americans have grown so accustomed to having; and this very sense weakens us and makes us less competitive internationally. Meanwhile, Iran and Russia are testing our military boundaries, perhaps getting itchy for another World War. These are indeed scary times we live in."  Palm Springs land, palm springs mls, palm springs commercial, palm springs homes Home page Welcome to the Palm Springs, Riverside County, Southern California, and San Diego, California real estate blog center. Our interest is in San Diego real estate, and the growing trend of San Diego Foreclosures. There are many ideologies on where the market is going: Our goal is to analyze the realities of housing market trends, not based on media or bias but real life experiences. You can also find detailed stats and demographics for each city in San Diego County.

.ii

-Please select an area of the map to find a list of blogs for that area: or select from the list below:

San Diego .. Temecula .. Escondido .. Poway El Cajon .. Santee .. National City .. Chula Vista Imperial Beach .. Coronado .. La Jolla .. Encinitas Carlsbad Oceanside San Marcos Murrieta

ii

ii

i

.

.

Q1 2008 Analysis: The Perfect Storm of Economic Downfall  Home Page There are some extreme viewpoints regarding the housing market, and the economy in general. One economic theory is that 2008 will shape up as the "Year of the Power play". The year 2008 will see acquisitions made by Microsoft and Bank of America to consolidate those respective fields. This will predictably result in job loss and a reduction in overall quality of services as the transitions morph into functionality. One could also predict a coming bear market and a continued slump in housing. Therefore, the question arises; "How can anyone have confidence in a long term holding in this investment environment?" Palm Springs land, palm springs mls, palm springs commercial, palm springs homes Home page The banking sector is on the fringe of major consumer credit card bubbles, where credit card debt is at all time highs. People are losing control, and have no way out. The mortgage crisis is getting worse, not better: the lists of foreclosures are growing. Rate cuts are not resulting in lower credit card rates, but higher ones. No one is buying homes because the cost to carry is so much greater than the projected rents: 'Sellers Denial' keeps prices at 2004 levels, yet still no buyers. Investors must realize that many agents in the real estate field are obliged to take a positive outlook on the current market. People are learning (and saying publicly)  that home ownership is a burden, not a benefit. Even if you own it outright, you still have so many extra costs. Palm Springs land, palm springs mls, palm springs commercial, palm springs homes Home page Politically, we are on the verge of chaos. No one can predict with any accuracy what our economic policy will be in 12 months. McCain is by nature a maverick, thereby unpredictable, and so is Obama. Realistically, one of these will be in the white house. Neither is attractive with regard to investing; because investors like stability. Both represent some degree of radical change. Finally, our reactive US Government is riding in to save the day, with efforts that will be too small to be significant, and a policy of helping along those that are reckless. Continued rate cuts and mortgage relief seemingly punishes those that are responsible and save. All this reinforces the sense of entitlement that we as Americans have grown so accustomed to having; and this very sense weakens us and makes us less competitive internationally. Meanwhile, Iran and Russia are testing our military boundaries, perhaps getting itchy for another World War. These are indeed scary times we live in. Palm Springs land, palm springs mls, palm springs commercial, palm springs homes Home page However, the phenomenon of 'American Protectionism' will prevail; defined as; "The need of Americans to protect not just their credit, but those that are weaker or less capable than they are."    Realtech Partners, Inc. - ©  2008.  All Rights Reserved. Email DISCLAIMER:  Not associated with any city, county, civil entity, or government body. No warranties are stated or implied.  Use at own risk. External web sites are not endorsed. Users agree to all terms. These articles merely reflect the opinions of this author and are by no means a guarantee of future economic conditions. Though the author strives to provide accurate and relevant data, he sometimes relies on external sources and cannot assure the reader of the accuracy contained within. These articles are provided for information purposes only and are not meant to provide investment advice to anyone. Please consult with your professional financial planner for investment advice.

 

 

 

 

 

 

 

 

 

 

Realtech Partners, Inc. - SanDiego.info © 2004 to 2008. All Rights Reserved. Email  Home Page