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  1. #1
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    Default Forecast for 2011

    I am curious - what is the general consensus for 2011. I am thinking that we will get back to 2007-8 levels of business. What does everyone else say?

    Better - Worse

    richer- poorer?


    //Rick

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  2. #2
    Join Date
    Mar 2007
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    Spring City/Surrounding Philadelphia area
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    Default Re: Forecast for 2011

    I am thinking that we will get back to 2007-8 levels of business.

    2007 I'll take. 2008......fuhgedabadit!!!!!! My 2008 was terrible. 2010 for was actually OK but I know some guys said it was their worst year ever.

    December was my best month of the 4th quarter and maybe my best December ever so I hope it is a sign that things are on the upswing. If things bottom out, I'll go back to my tried and true methods of getting the phone to ring......take a nap, go to the bathroom, stuff my mouth full of food. If things get really bad, I'll try all three at the same time.

    "It takes a big man to cry. It takes an even bigger man to laugh at that man". - Jack Handey

  3. #3
    Ted Menelly's Avatar
    Ted Menelly Guest

    Default Re: Forecast for 2011

    If we could get back to the flow from a year of our choice in the past ten years

    Maybe aug 2007 to Aug 2008

    But I wish to make changes along the way


  4. #4
    Join Date
    Mar 2007
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    Spring Hill (Nashville), TN
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    5,847

    Default Re: Forecast for 2011

    Quote Originally Posted by Rick Bunzel View Post
    I am curious - what is the general consensus for 2011. I am thinking that we will get back to 2007-8 levels of business. What does everyone else say?

    Better - Worse

    richer- poorer?


    //Rick
    I think we will be somewhere in between. It is just so darn hard to get a loan processed for folks who are buying a home.

    We have been in the refinancing process for about 3 months on our home, we even stayed with the same mortgage company! We started back at the end of September and I just had word that we should close in a week or so on the new loan. We have great credit scores ( 785 and 780) and a little over 40% equity in our home. I thought it was going to be a simple matter, but it has not been. Seems like a new document was needed every week by someone at the bank to update the updates!

    Scott Patterson, ACI
    Spring Hill, TN
    www.traceinspections.com

  5. #5
    Kyle Lening's Avatar
    Kyle Lening Guest

    Default Re: Forecast for 2011

    Quote Originally Posted by Scott Patterson View Post
    I think we will be somewhere in between. It is just so darn hard to get a loan processed for folks who are buying a home.

    We have been in the refinancing process for about 3 months on our home, we even stayed with the same mortgage company! We started back at the end of September and I just had word that we should close in a week or so on the new loan. We have great credit scores ( 785 and 780) and a little over 40% equity in our home. I thought it was going to be a simple matter, but it has not been. Seems like a new document was needed every week by someone at the bank to update the updates!

    I'm in the process of buying my first home...I know the new document thing. We started this in November, and finally are closing Jan 15th.


  6. #6
    Join Date
    Mar 2007
    Location
    New Mexico
    Posts
    1,258

    Default Re: Forecast for 2011

    Can I vote for a return to 2006 levels? That was a good year for me. I think 2011 will be a little better. I don't think it will be huge, but it should slowly keep improving.

    Jim Robinson
    New Mexico, USA

  7. #7
    Join Date
    Apr 2009
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    Melbourne, FL
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    180

    Thumbs down Re: Forecast for 2011

    No improvement in the housing market in 2011!!!!!!!!!!

    Gas prices are on the rise, food cost are skyrocketing, health care costs are way up, insurance costs are up, the only thing down is the cost of a home and with the pending foreclosure forecasts prices should fall further; all these things are factors leading to a down economy in 2011 and no recovery of the housing market. The government keeps growing, unions are into the progressive process and entitlement programs are swelling. The fed is bankrupt with no end to deficit spending in site. When the dollar is no longer the worlds currency which will likely happen this year hyper inflation will be part of our daly lives. What will $7.00 @ gallon gas prices do to the price of a home inspection?

    Get real and get ready for the worst our business is in economic transition and could condense. After all isn't a home inspection a luxury? In hard times or depression the luxuries are the first to go.

    I may sound like a pessimist but over 15 years in this business have given me some insight and I ask all of you to look deep into your gut, do you have any faith or trust in our government leaders to make the changes needed to put our economy back on top or will they just continue with their socialist agenda leading us into 3d world status?

    We are in a world of you know what, I don't know how many there are in this blog but its time to stand up for the American values which made this country great. Get your heads out of the sand and get involved.


  8. #8
    Ted Menelly's Avatar
    Ted Menelly Guest

    Default Re: Forecast for 2011

    Quote Originally Posted by Thomas McKay View Post
    No improvement in the housing market in 2011!!!!!!!!!!

    Gas prices are on the rise, food cost are skyrocketing, health care costs are way up, insurance costs are up, the only thing down is the cost of a home and with the pending foreclosure forecasts prices should fall further; all these things are factors leading to a down economy in 2011 and no recovery of the housing market. The government keeps growing, unions are into the progressive process and entitlement programs are swelling. The fed is bankrupt with no end to deficit spending in site. When the dollar is no longer the worlds currency which will likely happen this year hyper inflation will be part of our daly lives. What will $7.00 @ gallon gas prices do to the price of a home inspection?

    Get real and get ready for the worst our business is in economic transition and could condense. After all isn't a home inspection a luxury? In hard times or depression the luxuries are the first to go.

    I may sound like a pessimist but over 15 years in this business have given me some insight and I ask all of you to look deep into your gut, do you have any faith or trust in our government leaders to make the changes needed to put our economy back on top or will they just continue with their socialist agenda leading us into 3d world status?

    We are in a world of you know what, I don't know how many there are in this blog but its time to stand up for the American values which made this country great. Get your heads out of the sand and get involved.
    i was talking with a relative that is 20 years my younger. This could have been a conversation with anyone that has only been in the workplace since say the beginning of the make believe dot com boom since Clinton got into office.

    People of that age have absolutely no idea what hard times are and they are still out there believing that everything is fine and we are not really in a recession. At the end of Clintons days we were not allowed to go into a hard recession. Both sides did everything they could to keep the good times rolling and it did all the way thru Bush and after bush we simply have not been allowed to go into a hard recession.

    In a capitalistic society there must be hard, correcting recessions. That is the natural correction that must be allowed to take place. It is the way the wash gets dne and then we grow again from there. The only thing that has lowered since this recession began is housing in some parts of the country. Everything and I mean everything you buy has risen tremendously in the past couple of years.

    Entitlements keep growing. The unions are asking for more money, pension bail outs better retirement and health care, the cities, counties and fed jobs are still in dream land about their entitlements that grew tremendously over the past 20 years. There pay scales in so many areas out did the private sector. They have been promised something that will never tkae place and then they are going to demonstrate to the gov for their bailout. Their entitlements from cradle to grave and what they will not and do not realize is that when they are demanding these entitlements from the gov it is us that have to pay them that we cannot afford.

    Can so many be so blind to think that every year of their working life their income and benefits will increase until they leave the work place and retire. It simply cannot and will not happen. If you look at the amount of neighborhoods that have sprung up in this country in the past twenty years with row upon row of 4000 square foot homes and you have been alive for 50 some odd years or so you will understand exactly what I am talking about.

    When is the last time you saw families taking care of families instead of every man for themselves. My Aunts and Uncles took my grandparents in and built a big addition on their home to do so and the rest of the aunts and Uncles help out. Now adays it is expected that everyone will have a mil or a lot more for retirement and have a paension that will take care of all their needs with health insurance till they drop dead

    What was that term you used

    Wake up America and smell the coffee that you mom should be making in the kitchen and families living as families as it once was.

    Take someone in their upper 30s. They honestly expect that their salary, sick days, vacation days and holiday and medical benefits should grom every year for the next 20 years and they believe it will.

    Say they are making 60,000 and add three percent and increased benefits every year for the next 20 years. They say they deserve it and they work so hard for it that it is the way it should be. Also believing that their company should be matching there input to their 401 or some retirement plan.

    Who do you think is ultimately paying for it....everyone else with the cost of services or materials going up every year for the next 20 years to take care of it.

    It cannot be sustained. It is impossible to happen. It is time to come back to reality and only expects a decent pay and decent benefits thru you working life and when retirement does come the thoughts of the golden parachutes and golfing everyday and traveling the world has to slowly disappear.

    Increase pay and bennies.....increase the cost of the goods and services...It cannot continue.

    The idea that 4 years of college should bring you 60,000 to start after not working a day in your life has to be brought back into reality. No one worked that hard in college....Sorry, it's true. It only brings the cost of everything thru the roof. I heard that figure countless times from my kids friends as they were going into and finishing college.....Most never had to work while in college.

    Her is one for you. I grew up surrounded by lakes as a kid. You could have bought ( even for the dollars back then) any one of those homes for extremely short dollars. Maybe slightly, if that, more than a house not on the lake. Now that piece of dirt is a million to start and then you still have to build a home on it. The amount of folks back then with those kinds of dollars were extremely slim. Today they are flourishing. IT folks or engineers are paid small fortunes today. Back then the increments between the lower end of the work force and the upper end of the work force was much, much, much closer together.

    End of book.


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