Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (34324)	5/24/2003 11:55:14 PM
From: Juster	Read Replies (2) of 74559

Hi Jay, We haven't spoke for a couple of years. Just wanted to update what I hear. If you recall I had a 350k house in San Diego. Just sold this home for 600k. My neighbors are in bio tech. Not hearing good things. Money is drying up and layoffs are happening. Stories of companies with 50 mil of equipment being sold for 15 mil to big pharma. One Japanese firm the guys refuse to buy houses fearing deflation as in Japan. My brother who works for Msft has a work load of 50-75% up from 25% the last 2 years. My brother-in law sees IBM and Sun selling equipment at cost just to move inventory. I'm bailing out of Calif. for the greener pastures of a more rural life in New Mexico. Justerx

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