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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Amy J who wrote (17741)2/24/2004 6:00:51 AM
From: J. P.Read Replies (2) of 306849
 
<<Hightech has been treated poorly.>>

Yes, and it makes sense. Businesses can remove the highest salaries on their payrolls and replace them from the smartest and brightest from higher population countries with much lower cost structures. They can then give money to the politician willing to back them for cash, ultimately creating public policy which parrots their business need.

End result? Executive suite, investment bankers, institutional shareholders, and board of directors pocket the resulting profit. Politicos keep power.

The domestic engineers can go get a "Manufacturing Job" at Wendy's. They were unlucky enough to be born in a country where their cost structure was too high because of Real Estate. But they don't really need a job anyways because they can stay at home and refinance ad hoc to support their families.

I think this about sums it up....
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