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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: fatty who wrote (5780)10/2/2002 4:26:59 PM
From: Jim McMannisRead Replies (1) of 306849
 
RE:"And they are easily replaced by:
1) imports from India
2) hard working and ambitous fresh grads"

I remember when IBM had to trim. They didn't let only the low paid people go, they let the high paid, dead wood go. Those with high salaries and closer to retirement.
Not good for the higher end homes. As I speak, the higher end has gone cold...and it's working it's way down.

Jim
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