re: #114 Love-Child of Cassandra and Sisyphus

Lottery sales, of the draw games, has really slowed down. If we think of this as an economic indicator, it suggests that people have less discretionary money than they did last year.

I’ve also noticed that many of the high-priced houses in the county that were for sale have been pulled off the market. Some have sold, at prices much lower than the asking, but others are just pulled.

If the rich think that now is not the time to sell, or if they have to sell then to take much lower than asking price, then that too is an indicator.

As I have mentioned before, I get emails from Redfin daily. Every day prices in CA have dropped. Last night I got one that was on the market for $6m. It dropped in price by $300k. That was the biggest drop I have seen yet.

For years I would see a price decrease every few months. Now it is every day.