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

To: Haim R. Branisteanu who wrote (33126)	6/11/2005 5:24:49 AM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

Eloquent and to the point. Real estate values follow income. When they don't, its a temporary aberration which is quickly corrected --- as surely as day follows night. .

To: Haim R. Branisteanu who wrote (33126)	6/11/2005 7:00:33 AM
From: Chas.	Read Replies (2) \| Respond to of 306849

Haim, In the old days people bought cars and houses with the intention of paying them off and at least in the auto sense driving them until they died(the auto), same with the house they just retired in the home.... In this new day and age isn't it more like people just assume they will be making payments for the rest of their lives so lease a new auto every 2 or 3 years......... Is that same thinking transfering over to real estate (home sales) also...... I know a lot of younger couples with family incomes of $35 to $50 K a year and they are struggling......$25000 homes that they have to pay $150000 to get into.... I know a lot of baby boomers(as I am) retired or just retiring that are buying 3rd and 4th properties on pure spec.... They are mostly Auto workers, hourly and salaried, with money to burn...... regards

To: Haim R. Branisteanu who wrote (33126)	6/11/2005 3:37:05 PM
From: Tradelite	Read Replies (4) \| Respond to of 306849

Haim, you might want to go to washingtonpost.com and read today's front-page story in the Business section about the shortage of workers anticipated in our country. First paragraph: "With labor economists predicting a national shortage of 5.3 million skilled workers and a shortage of 1.7 million unskilled workers in the next five years, the Washington region needs to begin preparing for the inevitable crunch, according to a Prince George's (MD) Community College study."