Off Topic: can us economy headed for recession

Thanks for posting, sweety.

This is what I think:
How can we take advantage of this situation ? Yes, even it turns out that a potential recession - like the one in 2001 - is not all that severe, the psicological effect from the news is out there and may make employers freeze hiring, etc.

From an immigration perspective, those expecting for a greencard, especially the ones in the early stages, may certainly expect even less bargaining power. Our H1B comrades also should expect less bargaining power from employers as well to lobby for increases in H1B. I remember that in 2001, the first thing that hit the H1B folks were the news that a recession and bubble burst was in the horizon. Now immigration reduction organizations are more mature and prepared, therefore a reaction should be imminent.

For those of us who immigrated or about to get the greencard, the wind may blow in our favor. Those of us with a generous job, good savings accounts should prepare our careers right now, take that right training, look for business opportunities such as buy cheap houses and condos and get ready for the future.

Guys, I can't wait to hear from you.

Cheers,

Young S

Regarding the eco

techy2468 said:
please comment, need to plan life for another round of shit-hitting-fan (barely recovered from 2001 fiasco)..

http://money.cnn.com/2006/09/28/news/economy/bumpy_landing/index.htm?cnn=yes

http://britishexpats.com/forum/showthread.php?t=399553
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JANHK said:
If housing sector had a bubble , then imagine the worst on the horizon..
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I dont know why you have big "If" in front. Housing sector is in a big bubble. Yes we are in for a recession. And I think it's good for the economy to land in the good ol' earth once in a while.
 
Hi AGC4ME,

Not so fast, doll.:)
It remains to be seen how rough the housing market will get. Believe me, it is too early to say it is in a big bubble. It really depends on where you are. Why ?

Well, think about this:
In my area how many households are making more than 100+/year ? I can tell you a number of them. Therefore if you think about a condo/house for $300K, it is not all that bad. That said, I strongly believe that people who will take a hit will be those oversized houses above $600K, but not necessarily I expect to see houses from $600 being shold by $400K. Most likely prices will stagnate for a while. Then you will see people with high wages again rushing for good deals, and the music plays all over again. Supply and Demand, isn't that right ?

Have nice dreams, my doll.

Kisses,

Young S




AGC4ME said:
I dont know why you have big "If" in front. Housing sector is in a big bubble. Yes we are in for a recession. And I think it's good for the economy to land in the good ol' earth once in a while.
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SonaFight said:
Hi AGC4ME,

Not so fast, doll.:)
It remains to be seen how rough the housing market will get. Believe me, it is too early to say it is in a big bubble. It really depends on where you are. Why ?

Well, think about this:
In my area how many households are making more than 100+/year ? I can tell you a number of them. Therefore if you think about a condo/house for $300K, it is not all that bad. That said, I strongly believe that people who will take a hit will be those oversized houses above $600K, but not necessarily I expect to see houses from $600 being shold by $400K. Most likely prices will stagnate for a while. Then you will see people with high wages again rushing for good deals, and the music plays all over again. Supply and Demand, isn't that right ?

Have nice dreams, my doll.

Kisses,

Young S
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Where do you live ? Even people who bought houses in the 250k range are in trouble where I live. In my street alone in Beaverton, Or there are 7 houses for sale. Houses in San Diego and LA have already gone down by 100k. Check out Orange county http://ocfliptrack.blogspot.com/
 
NY area is in some trouble for sure.

At least, this is what I observe.

SonaFight said:
Hi AGC4ME,

Not so fast, doll.:)
It remains to be seen how rough the housing market will get. Believe me, it is too early to say it is in a big bubble. It really depends on where you are. Why ?

Well, think about this:
In my area how many households are making more than 100+/year ? I can tell you a number of them. Therefore if you think about a condo/house for $300K, it is not all that bad. That said, I strongly believe that people who will take a hit will be those oversized houses above $600K, but not necessarily I expect to see houses from $600 being shold by $400K. Most likely prices will stagnate for a while. Then you will see people with high wages again rushing for good deals, and the music plays all over again. Supply and Demand, isn't that right ?

Have nice dreams, my doll.

Kisses,

Young S
Click to expand...
 
AGC4ME said:
Where do you live ? Even people who bought houses in the 250k range are in trouble where I live. In my street alone in Beaverton, Or there are 7 houses for sale. Houses in San Diego and LA have already gone down by 100k. Check out Orange county http://ocfliptrack.blogspot.com/
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Most of the markets in the country are experiencing low sales. It is only a matter of time when the prices start dropping(Some areas the price fall isn't witnessed yet). Nobody knows how fast it is going to crash. Government obviously want the correction to be gradual, but I don't see any effort towards slowing the downturn. My guess is that this housing market burst will cause more overall damage than the dotcom bubble did.

May be the current administration should start investing in technology and research again. May be in alternative fuels, fuel efficient cars, bio-tech, stem cell research etc. Just something new to fuel the economy.

I live in Hillsboro OR. Sometimes I wonder how over priced Beaverton is with those ugly cookie cutter homes. Even worse in NW, home prices in Seattle are ridiculous. I think this correction is well deserved.
 
spulla said:
May be the current administration should start investing in technology and research again. May be in alternative fuels, fuel efficient cars, bio-tech, stem cell research etc. Just something new to fuel the economy.
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Not while there's still barrels of oil to be drilled.... Earth's economies have been oil-dependent since it's discovery and very few governments are even seriously funding alt-fuel mass-production except for Brazil and some other nations who are smart enough to be non-dependent on foreign energy supplies.

Economy going into recession? I thought the economy has always been in recession since 2001, except for the ridiculous housing market.
 
ufo2002 said:
Economy going into recession? I thought the economy has always been in recession since 2001, except for the ridiculous housing market.
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Correct. Just because of housing, the 2001 recession simmered.
 
Indian Housing market

Talking about housing market, what's going on with real estate in India, is it ever going to go down..... prices are sky-rocketting, any comments...
 
Hi Dolls, :)

Come on. We are not in a recession. Numbers are out there to support this. It is true that the housing market has been abusive in the last years. It is a good thing that it cools down now. Believe me, if it drops considerably and keeps that way for few months, you will see people rushing to buy more property, then you will see high demand and prices going up again. The magic word is "income". As long as we remain marketable and sharp and NO TERRORIST strike hits this beuatiful country, we shall succeed.

"Glod Bless America, My Home Sweet Home."

Kisses,

Your Cheerful Young S


ufo2002 said:
Not while there's still barrels of oil to be drilled.... Earth's economies have been oil-dependent since it's discovery and very few governments are even seriously funding alt-fuel mass-production except for Brazil and some other nations who are smart enough to be non-dependent on foreign energy supplies.

Economy going into recession? I thought the economy has always been in recession since 2001, except for the ridiculous housing market.
Click to expand...
 
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