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: patron_anejo_por_favor who wrote (30238)	4/27/2005 5:13:49 PM
From: anachronist	Respond to of 306849

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). You are very right. I am not sure if the statistics I cited include the mortgage industry, which is on fire here. If they do not, then I'd say bump it up to 15-18% of statewide activity. Worst of all, the people in these jobs are the ones most vulnerable to an economic catastrophe: the young and the recently arrived. If you graduated in my year, you lost your job in the dot bomb. If you graduated with my brother, you sell title insurance, or make loans. I will be interested to see which will occur first, "white flight" to the Midwest, or "Mexican repatriation" (voluntary this time).