Housing market / Business / & 800 numbers
I was reading about regional economics and the guess that housing is on the brink of a slow down. Since part of business (private or public) is having a big enough “now” to see trends, how will the 800 business be impacted if this occurs? I realize that you are not just doing a regional business, but I wonder how businesses that use 800 numbers would be impacted nationally if there is a slow down?
As for this housing stuff–and the data that in Southern California a median-priced home (about 350K) requires a 70K down payment and an annual household income of some 90K to qualify for a conventional loan–it all is a reminder that good business is knowing trends. While I’m convinced (and I wouldn’t listen to just me) that we will see median-priced homes in So Cal in the million-dollar range in your lifetime (maybe mine), it still may take years. My home was not worth much more than I had in it for years–years! Now of course, it’s a safe bet that I’ll do fine. But I’ve had to be here for 24+ years and put out the money for upkeep in the meantime. Business is a trip, and really unavoidable. And since ways out and ways in both go together, I continue to encourage everyone to expand your knowledge and credibility in the things you like to do anyway.