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: John Chen who wrote (33264)	6/12/2005 7:37:42 PM
From: Mike Johnston	Read Replies (2) of 306849

One way to look at the offshoring of jobs to Asia is in the context of the real estate bubble. Unless you expect a computer programmer to live with 6 roommates, or in a ghetto, he has to be able to afford the price of inflated real estate. A 200K California house from 5 years ago is now about 400K more expensive. That would translate into roughly $2400/month or $28,800 per year extra that an employee has to spend, to finance the same house. If you are an employer that is faced with having to pay an extra $28,800 per year, in order to support Greenspan's real estate bubble or move the position to India, the decision is a no brainer.

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