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

To: MulhollandDrive who wrote (6927)	11/18/2002 7:50:29 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

There's a lot of dynamics at least in N California that say to me those growth projections won't be happening. For one thing, the H1B immigration group is no longer relevant - companies just outsource those jobs to remote locations now. Thats a huge group of immigrants right there. They always make those growth projections at the top of cycles, I find. Lizzie PS a real estate segment on CNBC said San Francisco is 17% overvalued and NYC is 45% overvalued! Anybody hear that? Interesting.

To: MulhollandDrive who wrote (6927)	11/18/2002 10:04:10 PM
From: David Jones	Respond to of 306849

...i think perhaps a very bifurcated populace of either the very wealthy or the very poor....as the middle pursues a more realistic , rational existence. as they have always done....they head to the 'burbs ....and if the 'burbs don't exist at affordable price points, they create new ones.... That is correct. Most people want a detached house with some yard. Regardless they drive two hours to get there, 85% are happy with what they have. We have meet the enemy and I shave one of their faces every morning.