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

To: Lizzie Tudor who wrote (7463)	12/20/2002 3:26:50 PM
From: the_wheel	Read Replies (4) \| Respond to of 306849

Lizzie, I got good news I guess. I got an offer on my home. The buyers are getting it for the price of a 2B/2B townhome down where you and they live in SillyValley. They took all of the real estate commission I saved for THEM. Plus they took some more off the asking price too. I got 75% of what originally was told it was worth. Now I am looking in Tucson and thereabouts (Las Cruces, Corpus Christi, Satellite Beach FL (somewhere WARM and REASONABLE PRICED) maybe I could get a job as a rocket scientist somewhere (maybe Houston but I don wan live there)) for a place to take my PROFIT and SPEND on new HOME. Do you know anywhere lowly ex-programmer can get regular (WALMART GREETER or REAL ESTATE AGENT) type job??? along with nice cosy reasonable (200K) HOME??? PS freind of friend just got laid off what used to be called company named EXIT-US. He just got married and bought 5-600K starter HOME in EAST BAY. Said RETAXES were 4K per month (had addons for some reason?). Me and freind said what are you CRAZY? HE said well HE THOUGHT that since he was working as FULLTIME 120HR week (paying reg 40hr pay) that the company would be so gracious as to KEEP HIM ON since he was SO VALUABLE. NOW HE is UNemployed will get nice check from govt? Maybe I should call him Lucky? Interesting, no?

To: Lizzie Tudor who wrote (7463)	12/21/2002 12:40:49 AM
From: fatty	Read Replies (2) \| Respond to of 306849

Well, today it is Java programmer but tomorrow it could be accountants, doctors, lawyers, management etc. In the labor market, Java programmers represent a certain education attainment. It's affected first only because the IT is a competitive and open industry. So it seems to me that in the long run, the higher wages in the US is likely to decline or flatten while China/India is rapidly catching up. As for real estate, it will make no sense to commit to a mortgage that will assume you will be able to make $100K for the next 30 years. >There is no reason for US companies to pay $100/hr to your average java programmer. The cost of doing business here was too high- with this cheap outsourcing we can sell products that are actually competitive on a global scale and open up markets like china.