Wednesday, November 26, 2008

Manhattan Beach- Beach Cities: Happy Thanksgiving

The current economic climate is of great concern to everyone. The stock market ups and downs have made Dramamine the drug of choice for many who find their stomachs a bit queasy at the end of the business day.

Consumers are cutting back on things that are not considered basics. My nieces have been performing in a Clogging group at Disneyland. We were there Friday and no lines... which was a little surprising but thought Thanksgiving week would be far more crowded. Yesterday we were there again and there were far fewer visitors then usual during Thanksgiving week.

No one knows where out local real estate market is headed. We know we can expect to see further price declines in all the Beach Cities...we just don't know whether they will be minimal ...7%-10% or larger 15%-20%. Interest rates dropped dramatically yesterday but could well be up again by Friday. Much will depend on how much confidence the new President can muster and how quickly consumers perceive better times ahead.

Even in the difficult times we find ourselves facing there are still a lot of things to be grateful for...Tomorrow is Thanksgiving and I wanted to share with you some of the things I am thankful for in my life. I wish you all a Happy Thanksgiving ........

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