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Small signs of economic recovery?
16 May 2012 18:08 #1
by ScienceChic
"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther
The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill
Small signs of economic recovery? was created by ScienceChic
This is just some first-hand observations, no hard facts or data, and I was wondering if anyone else has been seeing the same kinds of things?
I was chatting with one of my son's schoolmate's moms last week who is a realtor down here in Denver and she said that the market is going nuts - she's got 15 buyers who are waiting for homes to come available and pounce on stuff even before it's officially listed if they can find it. One home she sold recently went for $16K more than the asking price because people are getting into bidding wars - if a home is priced right, it's selling fast.
Another realtor I know in the mountains told me 2 months ago that homes in Bailey priced at $250K and under were selling like hot cakes.
Reading through my recent issue of Wine Spectator (yes, I am a wino; no, I don't need therapy!)
there was an article that California is facing a vine shortage of epic proportions. Major vine nurseries were caught unaware by a recent dramatic increase in demand - vineyards had been holding off replacing older plantings and cultivating new land due to a global oversupply of wine followed by the recession, but now the excess is gone and they have cleaned out the nurseries and are placing orders for 2013 and 2014 for both red and white varietals.
Foreclosures are still happening, but seem to have slowed way down in frequency.
Is this a sign that we are starting back up? Is there any other anecdotal evidence to support this, or contradict this? Will rising energy prices or increasing numbers of expensive natural disasters put us right back down again? Thoughts?
I was chatting with one of my son's schoolmate's moms last week who is a realtor down here in Denver and she said that the market is going nuts - she's got 15 buyers who are waiting for homes to come available and pounce on stuff even before it's officially listed if they can find it. One home she sold recently went for $16K more than the asking price because people are getting into bidding wars - if a home is priced right, it's selling fast.
Another realtor I know in the mountains told me 2 months ago that homes in Bailey priced at $250K and under were selling like hot cakes.
Reading through my recent issue of Wine Spectator (yes, I am a wino; no, I don't need therapy!)
there was an article that California is facing a vine shortage of epic proportions. Major vine nurseries were caught unaware by a recent dramatic increase in demand - vineyards had been holding off replacing older plantings and cultivating new land due to a global oversupply of wine followed by the recession, but now the excess is gone and they have cleaned out the nurseries and are placing orders for 2013 and 2014 for both red and white varietals.Foreclosures are still happening, but seem to have slowed way down in frequency.
Is this a sign that we are starting back up? Is there any other anecdotal evidence to support this, or contradict this? Will rising energy prices or increasing numbers of expensive natural disasters put us right back down again? Thoughts?
"Now, more than ever, the illusions of division threaten our very existence. We all know the truth: more connects us than separates us. But in times of crisis the wise build bridges, while the foolish build barriers. We must find a way to look after one another as if we were one single tribe.” -King T'Challa, Black Panther
The truth is incontrovertible. Malice may attack it. ignorance may deride it, but in the end, there it is. ~Winston Churchill
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16 May 2012 18:18 #3
by Reverend Revelant
In hard times, people always find money to drink. Drinking and other stimulant use increases during bad times. And do you know where those wine sales are going? Are they all sales to the US. How have the growing seasons and wine sales fared in Europe?
Foreclosures have slowed down because they are running out of homes to foreclose on.
Speculators and investors will always jump in to take advantage of a depressed market. We've done so our selves, selling a number of properties and purchasing a lot more And because of the depressed market, we are making a killing.
My answers are simply anecdotal.
Waiting for Armageddon since 33 AD
Replied by Reverend Revelant on topic Small signs of economic recovery?
Science Chic wrote: This is just some first-hand observations, no hard facts or data, and I was wondering if anyone else has been seeing the same kinds of things?
I was chatting with one of my son's schoolmate's moms last week who is a realtor down here in Denver and she said that the market is going nuts - she's got 15 buyers who are waiting for homes to come available and pounce on stuff even before it's officially listed if they can find it. One home she sold recently went for $16K more than the asking price because people are getting into bidding wars - if a home is priced right, it's selling fast.
Another realtor I know in the mountains told me 2 months ago that homes in Bailey priced at $250K and under were selling like hot cakes.
Reading through my recent issue of Wine Spectator (yes, I am a wino; no, I don't need therapy!)
Foreclosures are still happening, but seem to have slowed way down in frequency.
Is this a sign that we are starting back up? Is there any other anecdotal evidence to support this, or contradict this? Will rising energy prices or increasing numbers of expensive natural disasters put us right back down again? Thoughts?
In hard times, people always find money to drink. Drinking and other stimulant use increases during bad times. And do you know where those wine sales are going? Are they all sales to the US. How have the growing seasons and wine sales fared in Europe?
Foreclosures have slowed down because they are running out of homes to foreclose on.
Speculators and investors will always jump in to take advantage of a depressed market. We've done so our selves, selling a number of properties and purchasing a lot more And because of the depressed market, we are making a killing.
My answers are simply anecdotal.
Waiting for Armageddon since 33 AD
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