More than 30 percent of the job growth is in leisure and hospitality, and those jobs are not high paying. So there is a little bit of a worry about job quality.
More Quotes from Alan Gin:
The number of home sales is down, price appreciation on most homes is not as great as it used to be, and it's taking longer to sell homes. That could mean less growth in construction work.Alan Gin
Almost everywhere I go, people ask me if we're in a housing bubble here in San Diego. My answer is yes, but the bubble isn't going to burst.
Alan Gin
One of the reasons we had the housing market surging ahead was because of the low cost of borrowing money. With mortgage interests rates going up there is some concern some people will be priced out of the market, which in turn will reduce demand for housing ... That leads to lower prices.
Alan Gin
What I don't see is a collapse in pricing. To get a collapse ... there would have to be a big job loss where people are forced to put their houses on the market for distress sales.
Alan Gin
I think it shows that the market here is softening a little bit. San Diego was advancing more rapidly than other places and we may be topping out first.
Alan Gin
Readers Who Like This Quotation Also Like:
Based on Topics: Hospitality Quotes, Leisure Quotes, Quality Quotes, Worry QuotesIf you substitute marijuana for tobacco and alcohol, you'll add eight to 24 years to your life.
Jack Herer
Every act of creation is first an act of destruction.
Pablo Picasso
What good mothers and fathers instinctively feel like doing for their babies is usually best after all.
Benjamin Spock