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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (67260)2/13/2001 5:56:27 PM
From: Ex-INTCfan  Read Replies (2) of 436258
 
Interesting post hienz. The evidence is still coming in. I'll share some anectotal observations.

The Naz crash did have an impact on the Real Estate business here in Houston. My wife works for a firm that sells homes mostly in the $300K to $1,500K range. The market for houses in the $500K plus range got very, very soft in October through December. It appears to be picking up now. Of course, Houston's a bit insulated from the rest of the economy because of the energy biz. When you get into the $500K home range, the ability to buy begins to depend more upon one's assets than one's income; the market depleted many of these assets, IMHO.

Keep an eye on California Real Estate prices, especially San Jose and the Bay area. I think these will be an early indicator of things to come. The question is whether they will moderate or crash.

My own business is Web based, and we have seen no slowdown. In fact, things are substantially ahead of where they were a year ago, without a substantial increase in Web traffic. The only problem I've seen is one or two Web-based clients who are slow to pay, which gives me a very uncomfortable feeling. I'm thinking about making them pay in advance in the future.

INTCfan
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