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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (39040)8/25/2005 2:50:09 PM
From: Lizzie TudorRead Replies (3) of 306849
 
no question about that Tradelite, there was a lot of froth in the tech boom. But here is the problem, in this RE "boom" or whatever it is, we can't even create enough jobs to SUSTAIN. I'm talking 80s levels job creation here. Forget the boom. And the deficit is the highest ever.

This isn't real wealth , that is the problem. This is deficit spending on the part of both individuals and the government. The tech boom was real wealth combined with a bunch of froth. But the real companies that were created then are still here (cisco oracle etc).

Again, if the RE bubble was creating all the trade positions you guys say are being created they would show up in the numbers.
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