17 Quotes by Alan Gin

More than 30 percent of the job growth is in leisure and hospitality, and those jobs are not high paying. So there is a little bit of a worry about job quality.

One of the reasons we had the housing market surging ahead was because of the low cost of borrowing money. With mortgage interests rates going up there is some concern some people will be priced out of the market, which in turn will reduce demand for housing ... That leads to lower prices.

Businesses which import products into San Diego also are impacted.

If we see a slowing there, it could pull the entire economy down a bit. I don't think it will pull us into a recession, but the pace of growth could slow considerably.

I agree that employment is slowing down, but I don't think it will be nearly as drastic as they're forecasting.

I think it shows that the market here is softening a little bit. San Diego was advancing more rapidly than other places and we may be topping out first.

People are now spending this money on gas when they could have been spending it on going out to movies or going out to eat or buying clothes.

What I don't see is a collapse in pricing. To get a collapse ... there would have to be a big job loss where people are forced to put their houses on the market for distress sales.

To the extent that the architectural or engineering services are connected to home construction, they could slow down more in the future.