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

To: Conan who wrote (16562)	2/3/2004 12:13:31 AM
From: Lizzie Tudor	Respond to of 306849

rental market in san mateo county has crashed. You can rent anything here, there are whole buildings, brand new that are unoccupied. The large rental buildings are paying people to stand on streetcorners and wave signs with "one month free", things like that. Housing prices to buy are a little different. There has been no real drop in prices for a year, otoh things aren't really moving like they used to either. I don't know- like most on this thread I think the artificially low interest rates are propping up housing prices and when rates revert back to the mean then prices should fall. But I'm not sure. Prices for houses here, which typically run around $700K, sure aren't going up.

To: Conan who wrote (16562)	2/3/2004 9:55:01 AM
From: Tradelite	Read Replies (2) \| Respond to of 306849

<<These companies have no souls>> re: outsourcing. In my opinion, it's not that the companies have no souls. What they had for a while was a flood of stock-market investor money, which they blew through by the billions, and now they're stuck with coping with the demise of a big bubble. Those which survived and are still standing after that bubble have to find a way to meet expenses and stay in operation. If they lost their souls, it's because they were given too much money to play with. I had an opportunity to witness firsthand how some of those newborn tech start-ups in Northern Virginia wasted tons of venture capital and stock market money by renting too much office space, buying too much office furniture, paying unqualified workers big money just to fill a chair, treating the office to expensive lunches and parties, and buying shirts, hats, ties, socks, coffee mugs and other junk emblazoned with their company logo. Many of those logos no longer exist. As soon as the money supply dried up, these companies didn't have enough talent or a good enough product to stay alive. Oh, not to mention how they spent thousands to install neon logo signs atop high-rise office buildings in the Tysons/ Reston area. Those signs are now largely replaced by names of Fortune 500 companies whose names you'd recognize. I guess the big fellows stepped in and bought up the little guys' assets and office space pretty cheaply.

To: Conan who wrote (16562)	2/3/2004 5:33:42 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

>These companies have no souls< What's the difference between these companies and you and I, when most shop at WalMart? Maybe your too young to remember the bumper stickers in the seventies that said "Buy American". Try that today and more than likely wont be able to find electrical appliance one. It's few people and companies that carry their heart in their wallet.