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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: MulhollandDrive who wrote (189625)3/9/2009 2:27:28 PM
From: Think4YourselfRead Replies (1) | Respond to of 306849
 
How interesting you should say that. It exactly matches my observations, which is that the malls are empty of buyers but the midrange restaurants, like On The Border, are still doing a very brisk business on the weekends.

Lazy Boy just went out of business last week and a local Kohls is closing next week. The problems are starting to hit the bigger names. I am in awe that Sears is still around.

I am seeing some minor activity at Home Depot and Lowes, but it looks to be barely enough for them to cover their ongoing costs (like electricity, heat, and store employee pay).



To: MulhollandDrive who wrote (189625)3/9/2009 2:27:44 PM
From: MulhollandDriveRead Replies (2) | Respond to of 306849
 
the incompetence continues unabated...hopefully its priced in:

Geithner to postpone details AGAIN ; more tax issues

"Geithner, With Few Aides, Is Scrambling"
Quote:
Administration officials say they are postponing their plan to produce a detailed road map for overhauling the nation’s financial regulatory system by April, in time for the Group of 20 meeting in London. Though officials say they will still develop basic principles in time for the meeting, the plan will not include much detail.

Treasury officials are also still scrambling to decide details of their plan to buy up as much as $1 trillion in toxic assets from the nation’s banks, one month after being widely criticized for presenting a plan that lacked any specifics on how it would work... the White House has become so worried about potential tax problems and other issues in the backgrounds of candidates that it has nominated only a handful of people...One of the few areas in which the Treasury has increased its staff is the all-important Office of Financial Stability, which ran the $700 billion financial rescue plan during the Bush administration. But that is because the Bush administration had hired almost 100 staff people by the time of Mr. Obama’s inauguration.

nytimes.com.



To: MulhollandDrive who wrote (189625)3/9/2009 2:29:24 PM
From: John KoligmanRead Replies (1) | Respond to of 306849
 
I must be out of touch <ggg>, some years ago I needed to use the men's room and made a beeline for one either in a Nordstrom or Neiman in suburban Chicago. They had a pile of dress slacks displayed on the way, so I picked up a pair to check out the price. $325 bucks! I felt a feeling of disgust and went on my way... Even Starbucks is cutting back, they now only brew decaf 'on demand' during the afternoon, trying to save some bucks I guess...

Regards,
John



To: MulhollandDrive who wrote (189625)3/9/2009 2:43:51 PM
From: Patricia TrincheroRead Replies (1) | Respond to of 306849
 
I also saw restaurants filled on my latest trip. Everywhere I went had a wait.........even on weeknights.

Tho I did go to mid priced restaurants which are popular in most regions of the US. From Atlanta back to Ca........the restaurants I went to last week were full of eatin clients!

Comfort food is the name of the game when all else fails.............there is something primitive and primal in our need to fill our tummies when we are in a "downcycle".



To: MulhollandDrive who wrote (189625)3/9/2009 2:50:40 PM
From: Amelia CarharttRead Replies (2) | Respond to of 306849
 
That's sure what I'm seeing here in Mesa as well. The restaurants are packed.



To: MulhollandDrive who wrote (189625)3/10/2009 1:09:12 AM
From: energyplayRead Replies (1) | Respond to of 306849
 
Restaurants - people will keep going out to eat so the wife does not have to fix dinner if she is still working - or working late.

If two people are working, expect that at least one is putting in overtime (likely unpaid) to make sure they hold on their job.