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

To: GraceZ who wrote (24853)	10/27/2004 3:28:07 PM
From: ahhaha	Read Replies (6) \| Respond to of 306849

A lot of people claim the US isn't creating jobs. That's false. We're creating more jobs than ever in history. Unfortunately most jobs are going to foreigners working here. In my county all labor that compensates on average about $30/hr is done by Mexicans, Asians, Russians, you name it. They aren't counted in the job tallies and they do displace the low end American worker. The biggest culprit of this basically illegal hiring is the real estate industry. If you think WS stinks, just wait when the dirty laundry of the real estate crooks is exposed. Elliot won't go there because that's a holy cow, at least for now, and as long as prices rise, so there's no political hay to be reaped.

To: GraceZ who wrote (24853)	10/27/2004 10:33:23 PM
From: Mike Johnston	Respond to of 306849

Based on fundamentals, in a free market, bonds should yield at least 10 % and mortgage rates should be well north of 10%. You are making the same mistake that the Fed makes if you think that you can determine, through fundamentals, where rates "should" be. No one can determine where rates should be except free market. I can have an opinion as to where they should be and i would never lend any money at 4, 6 , 8 or even 10 % to a bankrupt government that promotes policies that debase its currency.