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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
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)

the nation of california alive again in 2010

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

dismal decade
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
dismal decade1
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
dismal decade2
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%
trading places
“Trading Places”

Data: Labor Department

Published: Wall St Journal 7.13.09

economic drivers nation of california
Military – In Uniform

Federal & State Government (Civilian)

Manufacturing

Tourism

Universities

Import / Export

Technology

Biotech

Telecommunications

Electronics

Headquarters

Economic DriversNation of California
good news on jobs san diego county sept nov 2008 compared to sept nov 2009
Good News on Jobs, San Diego CountySept – Nov 2008 compared to Sept – Nov 2009

10,000

-2,700

2010 economic forecast san diego county
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 %

economic real estate projections for 2010 the nation of california
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
economic real estate projections for 2010 the nation of california1
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
when you need to know about real estate you need to know about marketpointe
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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