10/6/2008 8:11 PMDan Connolly wrote:
Great comparison! Sobering reality. Couple things struck me, the incredible drop in sales of the Ford pickup was one and the increase in spending at the movies. I guess people need to escape this harsh reality a lot more these days! I was also amazed at how fast the president is aging. Man I hope I don't look that different over the last 7 years! Reply to this
10/7/2008 7:25 AMAdam wrote:
I cant believe how much george bush has aged. And I cant believe so many people are buying Ford trucks ! Reply to this
10/7/2008 11:01 AMCaleb Mardini wrote:
I think one important thing to point out here is to look at the median household income change and consider what's happened with prices, specifically housing.
There is a clear indication in there that there has been no economic gain during these years, but growth was purely credit driven.
This means a bailout is untenable. There's no underlying foundation to sustain the simple quantity of credit outstanding. Reply to this
10/8/2008 1:09 PMHID systems wrote:
Diesel Fuel Is Expensive. Less Than A Year Ago It Was Cheaper than gasoline, and now it is almost 30% more than unleaded. High fuel prices are something that we're going to have to come to terms with; and to help with that, we tested five vehicles on the same day, on the same route, and at the same speed. Not only would we get results, but we would get to compare old versus new, two-wheel drive vs. four-wheel drive, and emissions vs. no emissions. Older Dodge Rams ('89-'93) are notorious for being fuel mileage champs, so we picked up two for the test-our own Project Rust Bucket, which is two-wheel drive with a three-speed automatic, and Ken deVoogdt's '93 Dodge, which is a 4x4 with a five-speed manual transmission. Ken's truck is also lifted and on taller and wider tires than stock, which certainly affects mileage. For newer vehicles, we had an '07 LMM truck that was four-wheel drive, and a two-wheel-drive '07 LBZ. The LMM had EFILive, which was used to turn off the factory regeneration sequence during our drive, and the LBZ had an "economy" tune loaded because it was a Pacific Performance Engineering (PPE) shop truck. We also brought our '07 Jeep Grand Cherokee CRD along, which had the advantage of having the smallest engine, but also had a lift, different tires, all-wheel drive, and full emissions equipment. Would technology prevail? Could the lighter weight of the old trucks be an advantage? Would the Jeep take the win despite of its emissions and drivetrain limitations? We won't spoil the ending just yet, but we will tell you that you may be surprised by the results. Reply to this
10/16/2008 6:58 PMReal Estate in Newport Beach wrote:
The most telling number is the median income number, although it is in 2000 dollars. The actual increase not considering inflation is about 2.25%, that is why we are now experience the decline in home prices.
Ultimately home prices are based on incomes and with no real increase in incomes, home prices will adjust back to incomes. Reply to this
Great comparison! Sobering reality. Couple things struck me, the incredible drop in sales of the Ford pickup was one and the increase in spending at the movies. I guess people need to escape this harsh reality a lot more these days!
I was also amazed at how fast the president is aging. Man I hope I don't look that different over the last 7 years!
Reply to this
I cant believe how much george bush has aged. And I cant believe so many people are buying Ford trucks !
Reply to this
This is a very good layout of how things have (or haven't) changed. Thanks!
Reply to this
I think one important thing to point out here is to look at the median household income change and consider what's happened with prices, specifically housing.
There is a clear indication in there that there has been no economic gain during these years, but growth was purely credit driven.
This means a bailout is untenable. There's no underlying foundation to sustain the simple quantity of credit outstanding.
Reply to this
Diesel Fuel Is Expensive. Less Than A Year Ago It Was Cheaper than gasoline, and now it is almost 30% more than unleaded. High fuel prices are something that we're going to have to come to terms with; and to help with that, we tested five vehicles on the same day, on the same route, and at the same speed. Not only would we get results, but we would get to compare old versus new, two-wheel drive vs. four-wheel drive, and emissions vs. no emissions. Older Dodge Rams ('89-'93) are notorious for being fuel mileage champs, so we picked up two for the test-our own Project Rust Bucket, which is two-wheel drive with a three-speed automatic, and Ken deVoogdt's '93 Dodge, which is a 4x4 with a five-speed manual transmission. Ken's truck is also lifted and on taller and wider tires than stock, which certainly affects mileage. For newer vehicles, we had an '07 LMM truck that was four-wheel drive, and a two-wheel-drive '07 LBZ. The LMM had EFILive, which was used to turn off the factory regeneration sequence during our drive, and the LBZ had an "economy" tune loaded because it was a Pacific Performance Engineering (PPE) shop truck. We also brought our '07 Jeep Grand Cherokee CRD along, which had the advantage of having the smallest engine, but also had a lift, different tires, all-wheel drive, and full emissions equipment. Would technology prevail? Could the lighter weight of the old trucks be an advantage? Would the Jeep take the win despite of its emissions and drivetrain limitations? We won't spoil the ending just yet, but we will tell you that you may be surprised by the results.
Reply to this
The most telling number is the median income number, although it is in 2000 dollars. The actual increase not considering inflation is about 2.25%, that is why we are now experience the decline in home prices.
Ultimately home prices are based on incomes and with no real increase in incomes, home prices will adjust back to incomes.
Reply to this
Really unbelievable, just hope to get settle all thing soon...
Reply to this