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

To: Doughboy who wrote (7160)	12/5/2002 3:35:39 PM
From: the_wheel	Read Replies (1) \| Respond to of 306849

Probably get a lot of Iraqi immigrants early next year. OnTopic: Considering that I have lowered my asking price to what I think is fair value or nearabouts, and am hesitant to go much below that,...... What are the Thread's thoughts on the FEDS talk of stopping deflation with the press? Will this stop the RE deflation? Should I expect the possibility of hyperinflation on my already bloated home price? Still going to crash? It has dropped 25% already. More to come? or is fed bound and determined by any means necessary to prop the price? Thoughts?

To: Doughboy who wrote (7160)	12/5/2002 4:09:19 PM
From: fatty	Read Replies (1) \| Respond to of 306849

>Look at India's software industry and Taiwan's semiconductor industry; they both were a product of former emigrant entrepreneurs who got trained in the US, saw the benefit of low labor costs back at home, and brought the knowledge back home. Oh sure, in India, nobody know how to make toilet paper but everyone can program in Java. I don't see how heathy that kind of economy is. If Taiwan didn't have a good relation with the US, I don't see how the US was willing to import all those chips and motherboards. And if Taiwan was more receptive to foreign investments and ownership, I don't see why foreigners can't play the same role as those immigrants. What happened in Taiwan, Korea etc was a product of the cold-war that didn't encourage technology transfers and the pre-globalization age that held significant trader barriers. If you look into the case of China, most of the big and innovative companies are operated by either home grown talents or foreign investments. The H1-B type of immigrants contributed very little to the current developments. >And getting back on topic, there's no doubt that the US economy and the housing market in particular have benefited from the waves of immigrants. I think the housing market benefits more from cheap foreign imports. With less money to spend on low tech items like sneakers and CD players, the average family can spend more on housing, which can't be imported from elsewhere.