Everyone moving to Denver! (Boulder: insurance, job market, contractors)

[wanttomoveeast]

OK, I read your articles. Of interest was what I read in the second article:

"Second, remember that there are two components to the p-e ratio: the ‘p’ and the ‘e.’ Based on the kind of recession we may now be entering, it’s entirely reasonable to think that corporate earnings will fall, maybe significantly. That would mean that stocks would also have to fall just to keep the p-e ratio in its current place."

I also read the first article. My argument is that I simply disagree. Weak, I know, but I still disagree. I'm not an expert on economics, so I won't try to be one. After reading this though, I'd say almost 9000 pts. down is quite alarming, no?

http://www.nytimes.com/2008/10/11/bu...l?ref=business

Originally Posted by subsound

Doubtful things will go gang busters, better to stay in your job till things settle down, but just because there's problems in the financial industry doesn't mean the economy will collapse. http://www.nytimes.com/2008/10/10/op...0mulligan.html

If one has a job and is not caught in the mortgage mess the stock market average price to earnings ratio is the lowest it has been for awhile. How Cheap Are Stocks? - Economix Blog - NYTimes.com

Assuming things don't blow up of course, then those dollars won't be worth anything anyways and you'll have to kill an elk for supper.

[sportsfangal]

wanttomoveeast-when do you plan on moving? where are you moving to?

[sportsfangal]

I'm in the healthcare field, also. It seems to be pretty resilient, as people, unfortunatley, will always get sick, need xrays, etc or other screening tests.
Just hope to find a job in Denver, and a house................!

[wanttomoveeast]

sports: I plan on moving in about one to 1/2 years. We would lose our shirts if we tried to sell now and the economy is just too unstable. I think healthcare is a pretty good field right now and will probably always will be.

[fierce_flawless]

Originally Posted by rkb0305

I just hope they find a job BEFORE moving. I think it is ridiculous to move without a job.

It's pretty hard to get a job when you live in another state if you are not a degreed professional. Clerical and service jobs I mean.

So, we won't be moving to Colorado for a while, but we WILL move there. We're at least 99% certain on that anyway, after researching several other areas of the country in our quest to escape Texas. We'll have to make sure we have a ton of money saved up first though.

We might be renting a house owned by family in CO so if that happens it will make the move easier for us (cheaper than market rent)...

We bought a house here in TX almost 2 years ago that we'll probably just rent out, maybe sell when we go.. depends on the market here when we are ready to go... we might have to rent it from afar for a couple years before selling.

So yeah, we're coming to Colorado, somewhere around Denver, but it might take us a couple years to get there.

[wanttomoveeast]

I'm sorry, I do not engage in pop finance. I am assuming you are reading that book titled Pop Finance. In any case not sure where you are going with your statement except you disagree, which is not a new thing to me. I'm sure you are aware that deflation/inflation in our current state of economy is a huge debate.

Originally Posted by vegaspilgrim

Another example of pop-finance. Inflation? Right now the price of oil-- perhaps the biggest indicator of inflation-- is dropping rapidly. We're actually more likely to have deflation.

[wanttomoveeast]

I'm a degreed professional (at least I think I am!) and it's still hard. Most companies won't settle for telephone interviews, and you end up flying somewhere just to interview, which these days is hard on the pocket book. I know where you are coming from, I want to move too, but now is just not the most prudent time. We are stuck w/ our home too. And just moving somewhere new and buying a home doesn't seem wise either, so like you, we'll be renting. Hang in there as I'm sure things will eventually get better, just might take awhile.

And thanks for being on point and answering my original post!

Originally Posted by fierce_flawless

It's pretty hard to get a job when you live in another state if you are not a degreed professional. Clerical and service jobs I mean.

So, we won't be moving to Colorado for a while, but we WILL move there. We're at least 99% certain on that anyway, after researching several other areas of the country in our quest to escape Texas. We'll have to make sure we have a ton of money saved up first though.

We might be renting a house owned by family in CO so if that happens it will make the move easier for us (cheaper than market rent)...

We bought a house here in TX almost 2 years ago that we'll probably just rent out, maybe sell when we go.. depends on the market here when we are ready to go... we might have to rent it from afar for a couple years before selling.

So yeah, we're coming to Colorado, somewhere around Denver, but it might take us a couple years to get there.

[subsound]

Originally Posted by wanttomoveeast

OK, I read your articles. Of interest was what I read in the second article:

"Second, remember that there are two components to the p-e ratio: the ‘p’ and the ‘e.’ Based on the kind of recession we may now be entering, it’s entirely reasonable to think that corporate earnings will fall, maybe significantly. That would mean that stocks would also have to fall just to keep the p-e ratio in its current place."

I also read the first article. My argument is that I simply disagree. Weak, I know, but I still disagree. I'm not an expert on economics, so I won't try to be one. After reading this though, I'd say almost 9000 pts. down is quite alarming, no?

http://www.nytimes.com/2008/10/11/bu...l?ref=business

If everyone agreed, it would be a boring place :-p I liked them because they were pretty even and not being chicken little alarmist like MSN.

I don't think being an expert would help right now, all anyone can do is stare and hope. Trying to keep a glass is half full opinion instead of sitting here and twitching.

*rounding applause to DenverAztec*

[wanttomoveeast]

subsound: I did like your articles in that they give hope! But I think they are a little too hopeful. lol -- "sitting here and twitching" hahahaha

[Kitten01]

Well, we're moving because of my husband's job. His company got bought and was merged with another company in Denver, so they're completely closing the Chicago office. Denver wouldn't have been my FIRST choice for a place to relocate (mainly because of the weather), but we're determined to make the best of it.