Jay - While you wait for housing stocks to drop, many Nasdaq stocks with P/E s over 40 are dropping, and other stocks are going up, and Energy Trusts are paying dividends......
a & b The land issue - much of the building is in the West - Outsdide of the California coast, lots of room.
Las Vegas , Phoenix/Scottsdale, Riverside county, Scaramento area, Reno Nevada, Bend Oregon, Tacoma Washington, Spokane Washington, West Texas, much of Colorado, etc.
b & d The industry relocation is mitigated by telecomuting/ work at home and people starting businesses where thay live.
If I work with designers on the internet, source my products from CHina, Taiwan , and Malaysia, sell in to US and Europe - why do I need to be near the City Center ? |