tag:blogger.com,1999:blog-6616959642391988608.post7371642548392047406..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Construction activity remains weakScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-1589590749205860972010-12-02T07:35:47.884-08:002010-12-02T07:35:47.884-08:00With deficit hawks winning the day in America and ...With deficit hawks winning the day in America and around the world, new construction is likely to remain flat for the many years to come, and perhaps out until 2020 or even 2025. The good news is that existing structures will not be in competition with new construction during those years. High quality real estate with persistent renters are a good buy for those with cash.McKibbinUSAhttps://www.blogger.com/profile/10545798495680527622noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31503889041049578102010-12-01T17:11:39.314-08:002010-12-01T17:11:39.314-08:00Benj,
I think Bernanke & Co. are in your camp...Benj,<br /><br />I think Bernanke & Co. are in your camp (or vice versa?). Scott and the other supply side economists may be right saying the economy will be fine without QE2 but it appears to me that the Fed will go ahead with it. <br /><br />As for most investors losing faith in equities and real estate, I believe they did that two years ago. They ran to CDs, money market and bond funds. Johnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-87486482835195049202010-12-01T13:56:49.438-08:002010-12-01T13:56:49.438-08:00According to some analysts, it could be that we ar...According to some analysts, it could be that we are in a secular bear market due to an aging baby boom population that has reduced spending and the need for housing. Perhaps we'll have another secular bull market in a few years as the next generation forms new families and starts a new cycle of higher spending and the need for new housing. Demographics seems to drive trends in the economy.Billhttps://www.blogger.com/profile/06910619601367464068noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-73392473731105705772010-12-01T13:31:46.291-08:002010-12-01T13:31:46.291-08:00John-
Glad to hear your positive view.
You are ri...John-<br />Glad to hear your positive view.<br /><br />You are right, today's trading is a tonic. Wow!<br /><br />I think I am still long-trerm optimistic; interest rates are going to stay low for a long, long time, and that is good news for the economy, real estate and equities. <br />My worry is that the current recession drags on a little too long--and so investors lose faith in equities Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-91202515218110794932010-12-01T12:21:42.558-08:002010-12-01T12:21:42.558-08:00Benj,
In every economic cycle I have lived throug...Benj,<br /><br />In every economic cycle I have lived through the equity markets have led the economic recoveries that followed. It is not usually a good idea to read too much into one day in the market, good or bad, because markets can be fickle and reverse directions quickly in the short run. But today's action is speaking rather loudly in my opinion. Every market sector is up today, and onJohnhttps://www.blogger.com/profile/11652253509768573561noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-28050610626049647462010-12-01T10:25:16.735-08:002010-12-01T10:25:16.735-08:00Real estate is dead.
There are whole blocks of emp...Real estate is dead.<br />There are whole blocks of empty retail buildings in Beverly Hills. That's how bad real estate is. <br />Industrial space is taking a hit, and offices in downtown Los Angeles rent for the same price they did--in 1979, under $2 a square foot, per month. <br />Nothing structural about it--real estate rebounds, and everyone will have jobs again. <br />If yo have Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com