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: Lizzie Tudor who wrote (7463)	12/21/2002 12:40:49 AM
From: fatty	Read Replies (2) of 306849

Well, today it is Java programmer but tomorrow it could be accountants, doctors, lawyers, management etc. In the labor market, Java programmers represent a certain education attainment. It's affected first only because the IT is a competitive and open industry. So it seems to me that in the long run, the higher wages in the US is likely to decline or flatten while China/India is rapidly catching up. As for real estate, it will make no sense to commit to a mortgage that will assume you will be able to make $100K for the next 30 years. >There is no reason for US companies to pay $100/hr to your average java programmer. The cost of doing business here was too high- with this cheap outsourcing we can sell products that are actually competitive on a global scale and open up markets like china.

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