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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: The Duke of URL© who wrote (2748)	6/15/2002 11:24:36 AM
From: tony	Read Replies (2) \| Respond to of 306849

We have imported software people & reduced wages pressure for ever. Now we are importing nurses. We should import all these carpenters too and then we do not have to pay them far more than software professional. <NG>

To: The Duke of URL© who wrote (2748)	6/15/2002 2:10:10 PM
From: John Chen	Read Replies (1) \| Respond to of 306849

Duke,re:"$200 a square". Can you image what it would like when 'INFLATION is back'? The only one who can affotd to work and live in America is the 'foreigners' who don't have much to start with anyway.

To: The Duke of URL© who wrote (2748)	6/16/2002 11:42:33 PM
From: pbull	Read Replies (2) \| Respond to of 306849

This issue is, in my opinion, the closest thing to a slam dunk out there. I live in a small town in the Midwest, and you should see the real estate listings in the local paper, just dozens and dozens of homes with asking prices of 4 and 5 times the average price of a home here. These knuckleheads here who at one time thought they were rich decided to tie all their money up in a 30-year mortgage. Idiots. They're just idiots. They're about to lose their behinds and they know it. This is a replay of what happened in California and Texas during the S&L fiasco. There will be some financial institutions go under as this ponzi scheme unfolds. All only my opinion. Fact: I called a real estate guy today who's familiar with my place, told him what I would take for it and he said, oh, he could get more than that. That's the kind of offer I can't refuse. PB