What are your predictions for 2008?

NEW -> Contingent Buyer Assistance Program
^^ Ouch is right. I have no idea what all those home lenders are going to do once the company goes belly up....

So what actually does happen?

good luck

-bix
 
<span style="font-size: 13px;">Another year comes to an end here at IHB. Any predictions for 2009? Where will President Obama lead us? What will the economy do? Will Eff ever figure out what to do with his shrimp paste? Let's hear it, IHB'ers!</span>
 
Foreclosures will reach a new all time high. And... due to AB1137, the Q1 numbers will increase higher than ever expected. Please see Mass. for reference on why these things only delay the pain.



Panda will ask too many questions. He will be right about one of his investment ideas, but be wrong about the other 482 harebrained investment ideas.



Ipo will continue to be the impatient bitter renter he has become since selling his house and not seeing the price drops in a three day period. Ms. Ipo must be a very patient woman, and will probably want to take the new impact driver she got for xmas to his head. He will hack IR2's and IR's face onto gawd knows what, and probably create a fake account under the name crackercakes.



Tenmagnet will keep everyone on their gym schedule, take one IHBer a month shopping at South Coast, start a thread on dating advice, and sometime in Q4 he will come out of the closet.



Skek will bitch once a month that he has to spread his wealth by letting me borrow his brand new Aston Martin, knowing full well that I am taking it to the twistys track, and that I will burn out the tires every time.



IR2 will help a bunch of IHBers out, but block Ipo's phone number due to his incessant three times a day Irvine CS index updates.



Petah will have another bike... picture emailed to him.



Janet will still be crazy, eh crazier since her home will continue to go down. And somehow it will all be IHB's fault, especially mine, IR, no_vas, and anyone who ever has been bearish on housing.



I'm looking forward to what 2009 will bring. I'm just glad that Prof didn't say that oil was going to be hit over $100 a barrel this year. Last year she did that and everyone thought she was crazy. Even if it did crash, it still hit $100 and above.
 
You know what? I have high hopes for 2009!!



Let's face it, we made it through 2008, as far as I know, we're all in one piece, still have our health and all our senses so if we don't make it through 2009 we only have ourselves to blame..



There?s more cash available to buy shares than at any time in almost two decades, a sign to some of the most successful investors, like Panda, that equities will rebound after the worst year for US stocks since the Great Depression..so that's good news, right?



There will be new opportunities in 2009, hopefully the events of the latter part of 2008 will have exposed all the Toxic Members of society who had a hand in all those toxic loans written over the last few years...Jobs that never existed before will be created, I think the Pendulum will swing back towards actually creating Tangible goods of value rather than Paper shuffling and trying to dream up with yet another scheme to screw the Peasants...



Unfortunately, GM and Chrysler won't fare so well, Toyota will kill them, they (Toyota) have already announced that they are seriously considering scrapping their "Just in time" inventory Controls to keep their Suppliers from going into bankruptcy so guess what, when the upswing comes and people start buying Cars again who's going to have components to build Cars with?



Some Designer Label Businesses will be filing Chapter 11 before the end of Q1 (I'm cheating now, I have inside info on that).



I'm still a Bear though.





<img src="http://www.arenaflowers.com/product_image/large/4671-champagne_teddy_bear_toy.jpg?1229634119" alt="" />



Happy new Year!!!!
 
I predict that I will lose my job in 2009, take a couple of months vacation looking for another, and start a new position for perhaps $15-20K less per year in comp...
 
Predictions for 2009.



Irvine prices will slip another 20% as affordability falls hard

as more and more lose jobs in the area. 10% unemployed at some point in 2009.



Oil will stay under $ 60.00 crushing OPEC. Dubai`s development becomes a ghost town.



Janet finally smells the open garbage next to her Condo.



The entire TARP idea will FAIL. Another Trillion in taxpayer money lost.

Sorry Kids. You can pick up the tab for our stupidity.



GM and GMAC will cease to exist by end of 2009. And with it Ditech

and those damn commercials are done. Truly Transparant. Invisable.



We will have few if any casualties from terror and war. PLEASE.
 
[quote author="bltserv" date=1230773382]Predictions for 2009.



Irvine prices will slip another 20% as affordability falls hard

as more and more lose jobs in the area. 10% unemployed at some point in 2009.



Oil will stay under $ 60.00 crushing OPEC. Dubai`s development becomes a ghost town.



Janet finally smells the open garbage next to her Condo.



The entire TARP idea will FAIL. Another Trillion in taxpayer money lost.

Sorry Kids. You can pick up the tab for our stupidity.



GM and GMAC will cease to exist by end of 2009. And with it Ditech

and those damn commercials are done. Truly Transparant. Invisable.



We will have few if any casualties from terror and war. PLEASE.</blockquote>


-20%... I likes that.
 
I predict we will see many more stories of bloggers who are able to sell their Irvine homes within 21 days at 5.5% off the 2005 peak.
 
Ten.



I will take Penn and the 10 Points.



FYI:

Penn State 45, Oregon State 14 this year.



I seem to remember USC having some issues with the Beavers ?
 
[quote author="serious weapon" date=1230773566]



-20%... I likes that.</blockquote>


Not gonna happen serious. Irvine prices only fell 10-12% in 2008. I doubt the 2009 rate of depreciation in Irvine will be double that of 2008... I truly do wish it would come to pass though.
 
[quote author="ipoplaya" date=1230776182][quote author="serious weapon" date=1230773566]



-20%... I likes that.</blockquote>


Not gonna happen serious. Irvine prices only fell 10-12% in 2008. I doubt they will fall any further than that in 2009...</blockquote>


I like blts prediction better.
 
[quote author="bltserv" date=1230774032]Ten.



I will take Penn and the 10 Points.



FYI:

Penn State 45, Oregon State 14 this year.



I seem to remember USC having some issues with the Beavers ?</blockquote>


Don't forget Penn State barely eeked out a win vs. Ohio State, 13-6. Ohio State outplayed them most of the game and got beat by a costly turnover. SC crushed Ohio State 35-3...
 
[quote author="ipoplaya" date=1230776566][quote author="bltserv" date=1230774032]Ten.



I will take Penn and the 10 Points.



FYI:

Penn State 45, Oregon State 14 this year.



I seem to remember USC having some issues with the Beavers ?</blockquote>


Don't forget Penn State barely eeked out a win vs. Ohio State, 13-6. Ohio State outplayed them most of the game and got beat by a costly turnover. SC crushed Ohio State 35-3...</blockquote>


I find it hard to even concentrate on the score of the SC games when broadcast on ABC, because I am so distracted by the shots of the sweater girls they cut to after almost every down.



I'm in for SC 38-21.
 
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