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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: nextrade! who wrote (3631)7/28/2002 12:50:43 PM
From: John ChenRead Replies (1) of 306849
 
Nexrade,OT:"Is this true?. Don't remember which thread,
it said: "$300/annual salary engineers (EE/IT) eager to
work for US companies".

Holly Mo-Mo, my impression was '$3K/yr to $10k/yr', from
China and India. Where this '$300/yr' come from?

I think it is a 'smoke-screen' to lower the salary in US.

This is really bullish for US corporations and RealEstates.

The demand in housing will be so great, Fed is devising
new kind of mortgage, ie: '$0-down, No-payment' bag-holder
mortgage, there is no reason $350-500K+ starter home in
Chicago, won't becomre $1M soon.

This is NO JOKE.

There is no liability. You just live in a house free, until
next guy pickup the 'no-payment ,$0-down' bag-holder
mortgage, when you don't like the pressure of holding the
bag.

Too good to be true!!! Not really. Think about it, you
are part of the scheme for US to funnel money into the
"SYSTEM". As a reward for participating the grand scheme
of thing, you are provided free housing for the effort.

Government may guarrantee it won't hurt your credit
(idiot, no one needs credit in US).

This is no ENRON, this is the FED, so don't worry.
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