I hope that the first to buy once bottom is hit are the first people to have defaulted! I would like to think that we, the hard-working “good people” who didn’t gamble with poker-chip houses and got priced by the greedy, will have first dibs at any house we want. Make it so the money grubbing scum can never buy a house again (except for the boxes in South Central).

*** Sorry but that is a false urban myth that more refineries would magically produce lots of gasoline unto to eternity. The real force driving the lack of supply in the US is (a) the expotentially increasing demand in India and China and (b) the aging oil fields - particularly the Mexican field that supplies enormous quantities of fuel to the US and which Mexico expects to ehaust in about 2-5 years.
*****Can’t keep being 6% of the world’s population who uses 25% of the oil produced and not expect to have to pay through the nose for the privilege.

Just watched the news… guess what “Housing Market has finally
hit rock bottom according to the big wigs… yeah right. So some desperate
developer finally priced his lousy condos for 199 000. Gee… it isn’t worth
80K to begin with. But everybody has to announce that there is a “One”
before the K… and that is supposed to be the bottom.

And then of course we will see another “bottom” once they are sold
for 150K and then 100K. Don’t listen to the nonsense… that bottom
isn’t going to hit until 2011 or 2012. By then finally all the “bad loans”
are gone to default heaven and the first wave of defaulters will have their credit repaired and hopefully have a decent down payment saved up.

That of course can only happen if the economy turns around and everything from gas to groceries starts stabilizing again.

Did you know that we haven’t built any new refineries in 30 years?
That we could if we wanted to produce enough gasoline for a decent price?
Isn’t is weird how the average person doesn’t even know the name of a refinery in his/her vicinity? Or who owns them and who runs them?
…
Basically if anything happens to one of them the price on the pump will jump within seconds. Over the last 6 to 7 years you will have one or more go down for repairs, etc. usually around January//February and then again June/July…
Strange coincident, isn’t it?

Congress doesn’t want to even discuss the option of building new refineries…
I wonder why… Supply and Demand wouldn’t be such a cruel game if there
were more refineries competing with each other. Instead they all hold their
monopoly for their specific area and any hicup translates in fewer gallons
delivered to the stations or… more specific a higher price per gallon because of the ensuing bidding wars for the finished product.

Isn’t it strange how little the American Public actually knows about
Refineries? This is not a subject that is willingly discussed on the media.
You only hear very briefly that a Refinery in Texas went down and therefore we are paying higher prices in California.

Reena

“esidential project will be finishing up this summer. In the fall commercial projects will be finishing up. With no future of any new construction”

while i agree with you i watch the cragslist adds for architect/engineer/CAD jobs and there seems to be add after add for achitects with an occasional add for an engineer. so somebody some where is is planning new projects.

here’s an example:

Tue Apr 29

Draftsman - Auto CAD/Solid Works - (Santa Ana, California)

Commercial Construction Manager/Superintendent - (Southern California)

Electrical Senior Designer - (Newport Beach, CA)

Lionakis - Project Manager - (Orange, CA) img

Lionakis - Senior Associate - (Orange, CA) img

Laborer, Finish and/or Rough Carpenter/ Stucco & Concrete -

Mon Apr 28

Designer/CAD Drafter - (Newport Beach)

Job Captain - (Newport Beach)

Project Architect - (Orange County)

Solidworks Designer - (Santa Ana)