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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.
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.
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.
EQ= emotional quotient for corporate types,
EQ = equalizer for musicos and stereophiles,
EQ = EverQuest for aging gen x mmo gamerz
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.
Example: "yeah, everything works fine in our company, save for the goddam p-factors."
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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