Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tradelite who wrote (17805)	2/24/2004 9:16:40 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

After working for years with homebuyers only slightly younger than myself and seeing what they expected from a house and a purchase transaction--compared with what I expected at that same point in my life--I'd say we have a problem Greenie neither created nor can solve. Society needs a big dose of what some people would call "tough love". I think economics points to those folks that had their peak earnings years in the 70s as the group most in need of tough love. The USA was an unproductive, uncompetitive society at that time. These are the same folks drawing pensions now, not the young. This group also reaped huge benefits from social programs, at the expense of the current contributors who pay more and receive much less (or nothing). In terms of healthcare, the young have much, much lower expectations than the older folks, witness the current social security drug boondoggle. I know most generations want to believe their children are doing better than they did, spoiled etc. but the productivity numbers don't really bear that out.

To: Tradelite who wrote (17805)	2/24/2004 9:41:11 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

<<This so-called credit-and-real-estate-bubble can't be blamed on Greenie, entirely. It's a disease which has many sources and many causes, in my humble opinion. We live in an era of RISING EXPECTATIONS.>> I agree, we are all responsible ultimately for our own actions. That said, the Fed and the lenders are like parents who leave an open bottle of fine tequila on the table at a party of 16 year olds, encouraging them to "have a taste". Unfortunately in this instance, the rambunctious teens have drained the bottle, emptied the liquor cabinet, tied up the parents and are currently downtown ransacking the liquor store...there will be a BODACIOUS hangover in the morning when they wake up in jail!<G> ...or as Kris Kristoffersen once put it: Well, I woke up Sunday morning With no way to hold my head that didn't hurt. And the beer I had for breakfast wasn't bad, So I had one more for dessert. Then I fumbled in my closet through my clothes And found my cleanest dirty shirt. Then I washed my face and combed my hair And stumbled down the stairs to meet the day. I'd smoked my mind the night before With cigarettes and songs I'd been picking. But I lit my first and watched a small kid Playing with a can that he was kicking. Then I walked across the street And caught the Sunday smell of someone frying chicken. And Lord, it took me back to something that I'd lost Somewhere, somehow along the way. On a Sunday morning sidewalk, I'm wishing, Lord, that I was stoned. 'Cause there's something in a Sunday That makes a body feel alone. And there's nothing short a' dying That's half as lonesome as the sound Of the sleeping city sidewalk And Sunday morning coming down. In the park I saw a daddy With a laughing little girl that he was swinging. And I stopped beside a Sunday school And listened to the songs they were singing. Then I headed down the street, And somewhere far away a lonely bell was ringing, And it echoed through the canyon Like the disappearing dreams of yesterday. On a Sunday morning sidewalk, I'm wishing, Lord, that I was stoned. 'Cause there's something in a Sunday That makes a body feel alone. And there's nothing short a' dying That's half as lonesome as the sound Of the sleeping city sidewalk And Sunday morning coming down.

To: Tradelite who wrote (17805)	2/24/2004 9:55:46 PM
From: nextrade!	Respond to of 306849

Excellent post ! Society needs a big dose of what some people would call "tough love". Stagnation would be good for us. At some point, the train of unending prosperity needs to stop, in order to let the passengers decide how they're going to cope with the remainder of the trip.

To: Tradelite who wrote (17805)	2/24/2004 10:17:45 PM
From: Amy J	Read Replies (1) \| Respond to of 306849

Tradelite, not sure why you generalize and equate high-spending, debt ridden irresponsible people (the discussion of your post) with engineers who are good with numbers (your twist at the end). You give the appearance of being biased against engineers. Silicon Valley's issues are due to a loss of 30% of hightech jobs. No amount of bias against engineers, will change the facts that this is a greater job loss than the Great Depression. RE: " Society needs a big dose of what some people would call "tough love". Stagnation would be good for us." I completely agree with you. But it starts with you, if you have been benefiting from people around you whom you say are big spenders that buy large homes on debt. You could turn this irresponsible business away. Or, you could try to be active in changing the lending laws. You work in real estate, and have some power to make change. Or do you prefer to benefit from this asset boom by selling homes and gaining commission that is disproportionately consuming increasingly more of the common workers' salaries? In Silicon Valley, the same 2 and 3 bedroom cottage homes cost 3Xs more in 7 years due to this asset boom courtesy of artificially low interest rates and the pumped up money supply (according to a prior post by someone on this thread) on the backdrop of a limited supply of land. Since when is a 2 bedroom cottage home a luxury? Someone made a post on AG's comments to Congress and apparently AG said the increased money supply increases assets and debts - and AG didn't see any problem with that at all ! And you give AG a free pass on this debt problem and asset boom? He's operating this country like a casino and it's having an apparent negative impact on the common worker from any industry. It certainly penalizes responsible, frugal people who save, but then you would prefer it this way? RE: ""discrimination against software engineers". Hello??" It is indeed discriminatory to violate trade law that clearly states any jobs lost thru overseas trade should result in retraining. This is the law. This is not your nor my opinion. Regards, Amy J