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Best quotes in business for 2012

Posted: January 1, 2013 2:00 a.m.
Updated: January 1, 2013 2:00 a.m.

Homes under construction along Christopher Lane in Saugus on Dec. 7. In February there was a 4.5-month supply of existing homes for sale - a level considered to be below the healthy mark of a five- to six-month supply. By October 2012, the inventory of existing homes for sale had plummeted to a mere 1.2-month supply.

 

Real estate

“Our market is thirsty for inventory, and while we don’t need a flood of inventory, we need a little more to keep it stable and homebuyers’ hopes up.” — Cherrie Brown, Keller Williams VIP Properties in January 2012

Editor’s Note: The real estate market recovered so quickly in 2012 that inventory of existing homes for sale nearly disappeared by the end of the year. In February there was a 4.5-month supply — a level considered to be below the healthy mark of a five- to six-month supply. By October 2012, the inventory of existing homes for sale had plummeted to a mere 1.2-month supply.

“We’re seeing signs of improvement and are prepared for it.” Tom DiPrima, executive vice president, Southern California division at KB Home in January 2012.

Editor’s Note: By year-end 2012, the new housing market had turned around so quickly DiPrima’s biggest fear was that “demand was going to outstrip supply.”

“Traffic and sales are up at all of our homebuilder’s properties. We haven’t seen this in six years. It’s a big deal and it’s great. We’re very excited about it.” — Lance Williams, founder and president of Willams Homes regarding new home building activity in April.

“It just was not what we expected. We thought there was certainly more inventory, and given the recession, that it would be a buyer’s market.” — Tina Ham Yoo, upon finding herself and her husband forced into multiple bidding wars to buy a home locally after relocating from Washington, D.C. to Santa Clarita in April.

“It doesn’t matter what the markets do. It matters what we’re doing in the market.” — J.D. Esajian, head project manager for real estate investment company CT Homes and star of A&E TV Show “Flip this House,” speaking at the Women’s Council of Realtors in June.

“Agents are starting to put ‘This Home is not for Rent’ on listings and on the interior of the front window.” — Dwight Hawkins, Realty Executives, referring to scammers who have been pulling home information from realty websites and posting phony rental ads on Craigslist, then taking off with cash down payments from unsuspecting renters in June.

“To be good one needs as much real estate experience as possible. I am sure having a degree in engineering is nice, but it’s not real estate.” — Sam Heller, Keller Williams VIP Properties, responding to a new California law, effective Jan. 1, 2013, that requires real estate brokers to pass an exam and work as a Realtor for two years, no longer allowing a person with any kind of a degree to automatically become a real estate Broker, September 2012.

“It’s been stabilized for over a year, and is already expanding. We have seen sales increases in all our active communities and we are not alone.” — Lance Williams, reacting to the National Association of Homebuilders and Wells Fargo Housing Market Index showing growing homebuilder confidence in August.



Economy

“Unemployment rates are projected to be back to 2006 or 2007 levels in the next 24 months. But California’s growth will be at a slower rate, hovering around 10 percent for the next two years.” — Bill Watkins, executive director for the Center for Economic Research and Forecasting with California Lutheran University, while speaking at the Santa Clarita Valley Economic Development Corp.’s 2012 Economic and Real Estate Outlook Conference in February.

Editor’s Note: To the surprise of most, California and Los Angeles County’s unemployment rate dropped to 9.8 percent in November. The city of Santa Clarita’s jobless rate outperformed both regions by coming in at 6 percent for November.



Entrepreneurs

“The best entrepreneurs are the ones that are completely and totally obsessed with the product they create.” — Brad Feld, TechStars, investor, veteran entrepreneur and author speaking at SCV Startup meeting in March.

“Individuals that need money will go wherever the money is. If you had money and told a company, ‘You have to move from Santa Monica to a strip mall in Santa Clarita because that’s where the money is,’ they’ll do it.” — Matt Ridenour, operating partner of Valencia-based investment group The People Fund and faculty member at the UCLA School of Management. Ridenour was explaining what it would take to build a local startup community if Santa Clarita wants to become the next Silicon Valley and search for the next big tech company, in August.



Business

“Never fall in love with anything you own. If someone has a price you like, you sell it.” — Earvin “Magic” Johnson, speaking at the Valley Industry Association’s B2B Industry Trade Show, advising business owners to have an exit strategy in March.

“We got a much bigger space, in a newer building, for less money. And the Enterprise Zone tax benefits are helpful.” — Jeff Wilson, general manager of Century Communications Network, in March on the company’s move to Santa Clarita from Sherman Oaks on Jan. 23, 2012.

“We never realized it would grow this big, this fast.” — Jay Catlin, president and managing partner of AMS Fulfillment, as the company opened its 13th warehouse in March.

“We are very aggressive in seeking out contracts and we have a never-say-never attitude.” — Earl Bayless, founder and president of Bayless Engineering, upon learning his company tied as No. 27 in revenue based on a national survey of metal forming, fabrication and welding companies in the United States in August.

“Businesses are betting on the success of Santa Clarita as a leading retail market that is poised for continued growth.” — a spokesman for the city of Santa Clarita when the city was ranked among the “Top 25 Retail Markets in California” based on 11 years of retail sales data and annual retail sales volumes ranking the city ahead of Burbank, Santa Monica and Glendale in Spetember.

“I’m devastated. It’s bittersweet. I never thought that the economy and e-readers would take people away from wanting to buy books.” — Janie Kopecky, upon closing the bookstore Paperback Emporium in October. She purchased the book store with Charrie Eckert in 1987.

“Santa Clarita is more and more becoming part of one big valley.” — Roberto Barragan, president of Valley Economic Development Corp. at its 11th annual capital expo held in Santa Clarita on Sept. 22.

“The growth at ADI is foundational to our local economy. They’ve created high-wage jobs, raising the profile of our local aerospace industry, supporting our tax base and given back to the community.” — Jonas Peterson, president and CEO of the SCVED, at the ADI’s groundbreaking for construction of an 88,000-square-foot manufacturing building in Santa Clarita in October.



Obamacare

“There was a study done by the Congressional Budget Office asking what it would take to turn it off at this point and it was very large. That train has left the station. I don’t think it’s realistic to repeal any part of the law at this point and certainly by the time it happened it would really be too late.” — Dennis Benton, executive director of Kaiser Permanente Hospital Health Plan, on talk of repealing the Affordable Care Act, or Obamacare, in September.



Fiscal cliff

“That will mean less spending. There will be less cash available to hire people or expand their business. Business owners will have to recover first before they can focus on growing their business.” — Calvin Hedman, founder and president of Hedman Partners, referring to the alternative minimum tax enacted in 1969.

jana@signalscv.com

661-287-5599

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