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

To: Jim McMannis who wrote (30319)	4/28/2005 10:59:04 PM
From: bentway	Respond to of 306849

I just saw an local economist on PBS say a lot of the job growth in Las Vegas was from the people building the houses! She estimated 20% of the sales there were speculators, admitted they had "somewhat of a bubble", and wouldn't have jobs for all the carpenters and sheetrockers when it went away. She didn't see a pop, but a more gradual process of decreasing prices, increasing inventories and wage increases until it all got back in balance.

To: Jim McMannis who wrote (30319)	4/29/2005 5:12:47 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

Are you saying the population growth in Florida and Las Vegas means there is no need or profitability for doctors, lawyers, insurance agents, retailers, restaurant entrepreneurs or franchised businesses of all types to relocate there and provide executive-level or middle-management jobs and make money? Sounds a little implausible to me.

To: Jim McMannis who wrote (30319)	4/29/2005 6:11:03 AM
From: shades	Read Replies (2) \| Respond to of 306849

Now in west palm, the realtor my mom dealt with said there isn't any more land to build on - the section 8 lady she was renting too lost her job - about to be evicted - west palm beach housing sent a letter saying they know they aren't paying enough rent, but the state won't give them anymore money - so it looks like the poor in west palm are gonna be homeless. They have a mall there, called cityplace - was gonna charge the workers to park there - well they are backing off on that, price the workers out of the city - you got no trashmen or maids to do the manual labor eh?