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

To: anachronist who wrote (27740)	3/3/2005 5:24:11 PM
From: RealityNotFantasy	Read Replies (2) \| Respond to of 306849

Anachronist, you wrote: I am sure you meant that sarcastically, but you are right. I was born and raised in urban California beach towns, and currently live in what is supposed to be the cultural center of the universe. I am an executive in one of the largest companies in the world. I visited Cedar Falls, IA recently, and I thought that if I could get a decent job there, I'd move. Trust me, I am not alone, not everyone wants to be a slave to their mortgage and credit cards their entire life. IMHO... I totally empathise & understand your situation. That's why I moved to Minnesota only for the RE to go up dramatically here too. This is not confined to Calif. & Minnesota though...but it doesn't exist in all metros either. Many think its so wonderful to have this much real estate appreciation. But I tell you, I have heard of enough stories of buyers everywhere who are barely scraping by. I have a cousin in Calif. who purchased a $325,000 home two years ago who can barely afford it. I don't think people in newly enriched metros don't fully understand this as well as Californians do. Perhaps, its because we've been through more ups and downs than they have....? It seems the best lessons come from the most difficult of circumstances, no? It reminds one of the excesses before and the poverty during the Great Depression... Just my two cents....

To: anachronist who wrote (27740)	3/4/2005 7:52:44 AM
From: JakeStraw	Respond to of 306849

>>Trust me, I am not alone, not everyone wants to be a slave to their mortgage and credit cards their entire life. True, but not everyone wants to live in Iowa either.

To: anachronist who wrote (27740)	3/4/2005 8:21:48 AM
From: Amy J	Respond to of 306849

Anachronist, RE: living standard According to this, we're suppose to work harder to increase living standards, I guess rather than reduce the deficit: story.news.yahoo.com "rising by 4 percent, the department said Thursday, capping the strongest three-year period for productivity growth in more than a half-century of record keeping. Productivity is the key component for rising living standards." Funny how the buck stops at the worker, rather than with the deficits impacting this country. Regards, Amy J