The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Live2Sail who wrote (169461)	12/7/2008 2:51:25 AM
From: energyplay	Read Replies (1) of 306849

Retail in Silicon Valley - I went by Stanford Mall at around 2 pm today. The front of the mall near El Camino was pretty full, about 98%, but without the usual pack of cars circling. The side of the Mall near Nordstrom was only 30% full on the North side. Normally, this should be between 70% and 90% full. I walked into the first floor of Nordstrom's. The area with men's shoes had four salespeople, two of whom were not busy. The rest of the men's area had few customers. The women's shoe area is on the first floor. The area for teenage girls - cute but inexpensive shoes - was moderately busy. The "salon shoes" area, with very high end shoes, had two or three customers. The whole middle area, for career women, everyday, etc. had very few customers, and at least five sales people standing around. I then did a quick survey of the rest of the floor. Normally, there should be at least one person in line to pay somewhere on the first floor - I did not see anyone having to wait, and there were idle salespeople in several areas. >>> My conclusion - fear has arrived in Silicon Valley. Premium gas dropped from $2.33 to $2.17 in about 6 days. That's almost 3 cents a day.

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