{"id":4090,"date":"2009-01-27T06:24:27","date_gmt":"2009-01-27T11:24:27","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=4090"},"modified":"2009-01-27T06:24:27","modified_gmt":"2009-01-27T11:24:27","slug":"buy-low","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=4090","title":{"rendered":"Buy Low"},"content":{"rendered":"

When the price of something drops, sales eventually <\/em>rise.<\/p>\n

Whether that item is big…<\/a><\/p>\n

Resales of single-family homes increased 7 percent to an annual rate of 4.26 million. Sales of condos and co-ops rose 2.1 percent to a 480,000 rate.<\/p>\n

The rebound last month was led by a distressed-property related jump in the West, including California, Nevada and Arizona, the NAR said. Sales of distressed properties accounted for about 45 percent of all sales last month.<\/p>\n

Home sales have been falling since 2005 and prices peaked in 2006. Property values are down by about 23 percent, according to the S&P\/Case-Shiller index covering 20 metropolitan areas.<\/p><\/blockquote>\n

…or small<\/a>:<\/p>\n

US fast-food giant McDonald’s said Monday its 2008 net profit soared 80 percent from a year, lifted by growing demand from consumers seeking low-cost meals in a deepening global recession.Net profit for the full year totaled 4.3 billion dollars, compared with 2.3 billion in 2007, the Oak Brook,<\/a> Illinois-based company said in a statement.<\/p>\n

<\/span><\/p><\/blockquote>\n

World War II wasn’t won with a bunch of Dunkirks, and an economic recovery won’t be built on 99 cent cheeseburgers or fire-sales of foreclosed homes.<\/p>\n

Still, down markets are not just a time for “creative destruction”; they are a good time to hatch new plans.\u00a0 On NPR’s “Marketplace” a few weeks ago, it was noted that much of the hiring in IT in Silicon Valley is coming from small startups.\u00a0 Down markets are a great time to be in startups; if nobody <\/em>is making money, they there’s less pressure to turn an immediate profit, which makes the inevitably-lean gestation period for a startup a little more bearable than when the Joneses you’re keeping up with are lighting their cigars with $100 bills.
\n<\/span><\/p>\n

<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

When the price of something drops, sales eventually rise. Whether that item is big… Resales of single-family homes increased 7 percent to an annual rate of 4.26 million. Sales of condos and co-ops rose 2.1 percent to a 480,000 rate. The rebound last month was led by a distressed-property related jump in the West, including […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-4090","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/4090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4090"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/4090\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4090"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}