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

To: anachronist who wrote (30235)	4/27/2005 4:56:32 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

Talk about a self-reinforcing bubble! the housing industry as a whole (including expenditures on existing housing) contributes $218 billion to California's economy, supports almost 1 million jobs and accounts for approximately 10 percent of all statewide economic activity." I would conclude that strong employment numbers are therefore an effect of the housing boom, rather than a cause. So now the housing industry IS the economy, so when it rolls over we're doomed in one additional way, all the job losses (that will not be replaced, as the other jobs are running full speed to Chindia).

To: anachronist who wrote (30235)	4/27/2005 5:52:57 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

I would conclude that strong employment numbers are therefore an effect of the housing boom, rather than a cause. Says Law at work.

To: anachronist who wrote (30235)	4/27/2005 7:49:22 PM
From: Les H	Read Replies (1) \| Respond to of 306849

Think vendor finance, except this scheme is aided and abetted by the federal government, the states, and the central bank.

To: anachronist who wrote (30235)	4/28/2005 12:23:48 PM
From: John Vosilla	Respond to of 306849

real estate only sells hotly in areas where people are working at good jobs and jobs are growing. That certainly isn't true in Dallas where the average home price is one fourth of LA with almost the same wages. Many places like much of Florida, Vegas and Phoenix are benefiting from boomers cashing in their chips from other more expensive areas rather than any incredible new job opportunities. I agree with you that strong employment numbers like in these areas I cited are an effect of regional housing booms, not the cause.