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

To: J. P. who wrote (8153)	1/16/2003 11:10:45 AM
From: tony	Respond to of 306849

This is called free economy. In this world, we have to be competitive, we will be importing people from India and China. If a person cannot compete, should join construction industry or medical field otherwise we will move everything overseas, remember it is global economy. And do not waste your money on higher technical education either, we will rather import people on L1 or H1-B. So, construction jobs are safe and save all the money of college education also. Get a grip.

To: J. P. who wrote (8153)	1/16/2003 11:36:14 AM
From: GraceZ	Read Replies (3) \| Respond to of 306849

Let me remind you that the economy of California depends on the labor of undocumented workers working for rates below the legal residents. I guess maybe you were referring to workers who look like they would take your job, not necessarily the jobs that no American wants to do like picking vegetables. If that's the case then you aren't against foreign workers per se, just ones that have skills that might replace you. As for 300k starter homes, there are plenty of houses in the US that are selling sub 100k, even in California. Besides you wouldn't be seeing 300k "starter" homes unless someone was able to afford them even if you can't. If there were no buyers at that level the price would be lower. The city near me doesn't have 300k starter homes they have 50k starter homes. Where I live in the rural location where I live you can still find a decent house with land for under 200k. Aside from that what people have done traditionally when they couldn't afford to live somewhere is either move to a less expensive location or to double up in housing. This is how Asians have been able to buy houses in my city, several families live in one house and they buy it together and everyone works to pay the expenses. Frequently they buy them for cash because their incomes are too low to get a mortgage! And you'll have to keep recycling your imported workers because eventually they'll want a higher wage to live comfortably here. They can live in conditions that most Americans wouldn't want to because the conditions they moved from are even more modest. This has been the case for immigrants coming to this country since day one. My father, a second generation Italian American grew up in a three bedroom house with 19 people. When he bought a small two bedroom out in the suburbs to live as a single family my relatives wondered what was wrong with him that he would want to live so separate from the rest of his family even though there were seven of us stuffed into that tiny house. As the third generation, I'm thoroughly assimilated. I demand the same wages other Americans get and I can't imagine sharing my house with another family. We have a mobile society where people are able to continue to move up. This kind of assimilation of foreigners continues with each new wave of immigrants. I can tell you that the people who lived in the US when my grandparents came to the US complained just as bitterly about foreigners taking jobs away from Americans by working for less. Considering that a huge portion of the world lives with a standard of living way below ours, I would expect we'll continue to see people willing to move here and work for less for quite some time.