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: Wyätt Gwyön who wrote (6076)	10/17/2002 9:13:22 PM
From: XBrit	Read Replies (1) of 306849

<<people just living on savings and unemployment>> The stories in the Bay Area are amazing. Last night I was volunteering on the phones for the KQED-FM pledge drive, the woman next to me had another of the stories... in 2000 she was an admin assistant, he was a recruiter, they were pulling in $200k/yr between them. Now he's working for waiters-on-wheels, she's working part-time delivering flowers, they've lost their house and their investments were all stuff like CSCO bought at bubble prices. Early 50's, I dunno how they'll recover. Heard two or 3 others this week with similar themes. Its a tragedy, because for the most part these are sensible, prudent people who've just got torn to shreads by forces beyond their understanding.

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