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Has Housing Really Bottomed?


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2012 Jul 8, 7:30am   47,007 views  119 comments

by ZMan   ➕follow (0)   💰tip   ignore  

This is a question for all. Have we really seen the bottom in the housing market, with all the foreclosures, lack of demand??...
If people are not working, they are not buying.
Don't we have to see some stabilization in the Job market before we get stabilization in the housing market?

http://www.dailyjobcuts.com

#housing

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110   freak80   2012 Jul 11, 2:54am  

Randy H says

Another where one of our top engineers-turned-manager decided he could stop following SOX rules simply because he'd deduced they were "wrong".

lol. Wow, that's pretty bad yes.

111   thomas.wong1986   2012 Jul 11, 1:01pm  

Randy H says

I had an experience where I had to throw one of our engineers out of a meeting because he wouldn't stop trying to argue revenue recognition rules with our accounting team. Another where one of our top engineers-turned-manager decided he could stop following SOX rules simply because he'd deduced they were "wrong".

yes.. they are a fun group when it comes to RevRec.. its just comedy !

Its better they dont interface with customers.. and make no promises to future products or updates .... "Only when and if available" should be the only thing they should be allowed to say.

The most extreme case im aware of ... was when an engineer ordered, approved without management knowing a ton of equipment to create their own Engineering Lab at their house.. Yes, he build a R&D LAB in his home using company funds.

112   thomas.wong1986   2012 Jul 11, 1:13pm  

edvard2 says

Should potential homebuyers spend several decades waiting for those numbers to "make sense"? I spent over 12 years saving and I am every bit up there on agreeing that the cost of real estate is ridiculous in the Bay Area.

They should understand the risks they are taking.. else wait. Certainly thinking that prices ALWAYS go up and never down they committed financial suicide ...

But even today, we are still ignoring that prices go down, with all this talk of RECOVERY, as if prices will swing up like a bubble.

113   Peter P   2012 Jul 11, 3:24pm  

It has been established that engineers have 0 EQ in general.

However, wanting to be "right" is not unique to engineers. This is the primary reason why there are bubble deniers.

114   freak80   2012 Jul 11, 11:16pm  

EQ?

115   New Renter   2012 Jul 12, 2:40pm  

thomas.wong1986 says

Yes, he build a R&D LAB in his home using company funds

So? I've knows several engineers with machine shops in their garage who used them to manufacture company products. If he's doing primarily company work at home the company SHOULD pay for the equipment.

Its a good solution for engineers with kids at home who might otherwise have to work short hours to take care of their kids.

116   Randy H   2012 Jul 12, 2:49pm  

EQ= emotional quotient for corporate types,
EQ = equalizer for musicos and stereophiles,
EQ = EverQuest for aging gen x mmo gamerz

117   Peter P   2012 Jul 12, 2:52pm  

Also, for Perl...

$eq eq '0'

118   freak80   2012 Jul 12, 11:40pm  

Randy H says

EQ= emotional quotient for corporate types,
EQ = equalizer for musicos and stereophiles,
EQ = EverQuest for aging gen x mmo gamerz

Got it.

As an engineer I use the term "P-factors" to describe all of the bullshit that can't be reduced to mathematics and science.

I.e. (People, Perception, and Political) factors.

119   freak80   2012 Jul 12, 11:41pm  

Example: "yeah, everything works fine in our company, save for the goddam p-factors."

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