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Lawrence Yun Speaks.nonsense

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Elliott

Elite Member
Joined
Apr 23, 2002
Professional Status
Certified General Appraiser
State
Oregon
Clueless economist. I still have a job, but my income is down
35%....which is equivalent to a 35% unemployment rate. When
he loses his job, he'll be 100% unemployed, unless Z picks him up,
which they probably will.
 

Mr Rex

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Jan 12, 2004
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Certified Residential Appraiser
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North Carolina
Yuns on heavy doses of ED meds. Somebody show him the side effects call for a doctor if the hard on lasts over 4 hours. Quick deflation doesn't indicate a recovery from the need for ED meds.
 

c w d

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Oct 2, 2006
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General Public
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Florida
He's got a PH.D. He's golden. If he screws the pooch it's because he knows what he's doing.
 
Joined
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Certified Residential Appraiser
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Ohio
Yun on Michigan: "Here's Yun in economic collapse and housing crash ground zero Michigan, saying there's no recession, no contraction, and anyone who buys today is going to have huge equity gains in 2 years."

Michigan has lost 500,000 jobs. So, you should have about 125,000 houses for sale with no buyers in sight..........equity gain in TWO years how? Frankly, I would not expect most of those lost jobs to ever be replaced. Michigan, like Ohio, is just too poorly managed a state to attract significant numbers of employers.
 

Terrel L. Shields

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May 2, 2002
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Arkansas
Michigan, like Ohio, is just too poorly managed a state to attract significant numbers of employers.
Management cannot change the nature of a place. Politicos take credit for things that occur DESPITE them not BECAUSE of them. The reverse is true. Manuf. is taking a hit and might make some comeback with the lower dollar.

High fuel costs is hurting most businesses in the nation except politicans. They run on hot air.
 

Restrain

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Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
In Michigan, Ohio, you have an outwards migration (check the population figures). Upwards pressure on values requires a demand. Supply exceeds demand. Probably no recovery for the rest of the decade, then only a leveling out.

California, a leveling out, but you still have an outwards migration. Watch for an increased movement of businesses and jobs out of CA due to the actions of the legislature.

Florida. You can buy a 2 year old, 3 bedroom, 2 bath, 2 car garage in the middle of the state for less than $100K right now. It will turn around, except for condos, probably in a year.

All markets are local.
 
Joined
May 2, 2006
Professional Status
Certified Residential Appraiser
State
Ohio
Management cannot change the nature of a place. Politicos take credit for things that occur DESPITE them not BECAUSE of them.


I generally agree with that, however, politicians do have the ability to tax businesses. If I am a manufacturer considering locating a plant in either Indiana or Ohio and Indiana is willing to give me a 20 year tax abatement while Ohio wants me to pay for a school and pay for highway infrastructure improvements, guess where my factory will be going. (cannot do anything about outsourcing, but can try to keep remaining employers and solicit employers who are considering a lateral move within the U.S.)

Ohio politicians are extremely anti-business and the word is getting out.
 
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