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Strategies & Market Trends : The New Economy and its Winners

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To: techanalyst1 who wrote (15817)	1/20/2003 1:20:47 PM
From: Lizzie Tudor	Read Replies (1) of 57684

I can see is that it's pretty expensive to live up there Actually the cost of living is improving dramatically. Rents are dropping hard - even pre-bubble early 90s renting here was a nightmare, but now since all this new capacity was added to take advantage of sky-high rents in the 90s, the vacancy rate is high for the first time in 15 years. And office space, they are giving that away. Also the labor pool is talented and unemployed. So no more arguments against starting a business here at least for the forseeable future. Educational costs are gonna go up a huge percent here in Calif. with the budget crisis. Lets hope we don't drive the economy down farther than it is now. I'm worried that the federal budget gets a whack when the tax rolls come in for 2002. Did they adjust for the stock market decline? I doubt it. Home equity went up which sortof half makes up for it, but there is that 500K exclusion on capital gains when you sell your home so no taxes coming in there.

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