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.
More Quotes from 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
With less appreciation, consumers will be less able to tap into home equity loans to finance their purchases, which could put a damper on the national economy.
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
Generally good news in terms of San Diego, we will outperform California and the rest of the nation.
Alan Gin
People are now spending this money on gas when they could have been spending it on going out to movies or going out to eat or buying clothes.
Alan Gin
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Based on Topics: People Quotes, Sales QuotesIndeed, history is nothing more than a tableau of crimes and misfortunes.
Voltaire
Wind to a sailor is what money is to life on shore.
Sterling Hayden
Many things difficult to design prove easy to performance.
Samuel Johnson