The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: AC Flyer who wrote (128)	7/26/2001 11:04:55 AM
From: Jim Willie CB	of 306849

a note on MetroWest Boston former Digital colleague has worked at EMC for years now she confirms of many layoffs at EMC last month I dont have numbers but many came from less essential marketing groups she lost some friends to lunch with I figure if Mighty EMC is laying off, then job shedding is spreading EMC is located in Hopkinton they are responsible for horrendous traffic jams last month Corning subsidiary NetOptix shut down operations they were located in Natick talked to different commercial RE buddy this week he says commercial side has softened more in recent weeks he has some vacancies in his commercial buildings he owns 4-5 buildings but his impression is that residential demand is reasonably firm my take is that the Financial Services sector is at risk now Fidelity was thinking about layoffs instead they eliminated the 2000 bonuses Fleet has laid some off if the recession hits the financial sector, then real estate will surely be affected in greater Boston it is a green economy, ranked 47th last I checked in mfg fwiw, Jim

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