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: Amy J who wrote (41616)	9/19/2005 10:57:14 AM
From: Lizzie Tudor	Read Replies (2) of 306849

I think there are still a lot of unemployed people in the bay area because my sentiment gauge is the number of 40ish people I see working at Safeway that seem like they could have worked elsewhere in the 90s. But it isn't the engineers and finance folks who are the key players imho, it is the peripheral staff like buyers and planners, HR staff and other support staff that we needed for all these companies especially telecom that went away. Telecom was a manufacturing industry and I can see why economists love manufacturing. Tons of staff needed to build a great mfg company like Cisco. Software is close as far as requiring a lot of staff to build as long as the staff is here not elsewhere. But not as good as telecom which requires the whole spectrum of workers, shipping people, logistics everything. I wonder what is propelling all the houses for sale now in the midwest? I wouldn't have thought that.

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