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A thought to ponder

A thought to ponder. “More than any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other, to total extinction. Let us pray we have the wisdom to choose correctly.” -Woody Allen, 1975 (to a graduating class).

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A thought to ponder

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  1. A thought to ponder “More than any other time in history, mankind faces a crossroads. One path leads to despair and utter hopelessness. The other, to total extinction. Let us pray we have the wisdom to choose correctly.” -Woody Allen, 1975 (to a graduating class)

  2. THE NATION OF CALIFORNIA:alive again in 2010? Alan Nevin Director of Economic Research When you need to know about real estate, you need to know about MarketPointe

  3. Dismal Decade • 2000-2001: The Dot.com Bust -- job losses in California: 250,000 • 2001 : 9/11, 3,000+ killed in Al Qaeda attacks  • 2002: Catholic church sex scandal • Virginia sniper killings • U.S. bombs Afghanistan

  4. Dismal Decade • 2003: U.S. invades Iraq -- leads to futile deaths of thousands of soldiers and civilians, with few if any results • 2004: George Bush re-elected • 2005: Hurricane Katrina; New Orleans devastated • Gas prices spike • 2006: North Korea nuclear tests • Genocide in Darfur • Lebanon & Israel war

  5. Dismal Decade • 2007: Housing market crash • 2008: Wall Street implodes • Fuel prices spike to all time high • 2009: U.S. hits worse deficit ever • GM declares bankruptcy • Unemployment hits 10%

  6. THE FUTURE OF AMERICA

  7. “Trading Places” Data: Labor Department Published: Wall St Journal 7.13.09

  8. Military – In Uniform Federal & State Government (Civilian) Manufacturing Tourism Universities Import / Export Technology Biotech Telecommunications Electronics Headquarters Economic DriversNation of California

  9. High Tech Economies

  10. Good News on Jobs, San Diego CountySept – Nov 2008 compared to Sept – Nov 2009 10,000 -2,700

  11. % Population Growth, By State, 2000 - 2008

  12. California Population

  13. San Diego County Population Growth From Migration is On the Rise Again 47,500 -80,500

  14. Residential Building Permits

  15. NEW HOME SALES – SAN DIEGO COUNTY

  16. Shrinking New Home Inventory Bodes Well for SD Market

  17. Residential Resale Market Statistics – San Diego County

  18. Residential Resale Market Statistics – San Diego County

  19. Resale Market Statistics – San Diego County

  20. NOTICES OF DEFAULT - SOUTHERN CAL

  21. FORECLOSURES – SOUTHERN CAL

  22. Predictable Housing Cycles

  23. Mortgage Rates & 10 Year Treasury Yields

  24. San Diego Office Market

  25. San Diego Retail Market

  26. San Diego Industrial Market

  27. Commercial Building Permits

  28. 2010 Economic Forecast – San Diego County 10 – 20 % 0 – 10 % 1 – 2 % 1 – 1 ½ % Population Local Jobs Housing Construction Public Works / Military Commercial Construction Government Tax Revenues 10 – 20 % 10 – 20 %

  29. “As we grow older and more experienced, we overrate the accuracy of our judgments”

  30. California will continue to add 400,000+ population annually The job market will just mope along, with the real estate construction industry dragging down an otherwise healthy and diverse economy Interest rates will stay low Home foreclosures and short sales will continue to decline. Real bargains will disappear Resales and refi’s will be strong Economic & Real Estate Projections For 2010The Nation of California

  31. New for-sale home production will be modest The housing market will stabilize in early 2010 The commercial market will feel deep pain, particularly the office market The apartment, retail and industrial investment markets will remain healthy, but not cheap 2010 is a great year to have cash. Pouncing on distressed properties is an art form that requires concentration, a strong will and faith in the future of California. Economic & Real Estate Projections For 2010The Nation of California

  32. When you need to know about real estate, you need to know about MarketPointe • Market & Financial Feasibility Studies • Expert Witness Services • Portfolio Valuation & Repositioning Studies

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