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

To: mishedlo who wrote (37622)	8/11/2005 1:24:21 PM
From: shades	Read Replies (3) \| Respond to of 306849

RE immigration, the gains we get are offset by broken window type fallacies - we have to train and acclimate them to the established culture and language - so short term from where I have seen them greatly influx, things go down for awhile until they burn through a generation or 2 getting them up to speed. Caculated Risk has called this "anger at illegals" but I am not angry at them, i know we need them as a nation because ayn rand liberal types stopped having babies. A problem I have tried to argue is that in immigrations of the past, the established culture and wealth and knowledge was not of such great disparity as it seems to me is happening today - so that training and acclimation will take longer than immigrations of the past. Now I read just posted by KM we can forget about acclimating them to the established IVORY TOWERS already here - they are bringing thier mongrel horde ways and replacing our culture - so this may be a much worse immigration than any immigration of this countries past. Instead of averaging UP to palm beach type society - we are going to average DOWN to neuvo laredo type society - pathetic.

To: mishedlo who wrote (37622)	8/11/2005 1:29:15 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

Okay so you dismiss more people needing food, clothing and shelter, spending money, the multiplier effect and job creation/business formation as trivial in the whole scheme of the credit/coastal housing bubble. I can buy that as being one component of many working against your scenario. We really do need our banking system to collapse along with our commercial RE markets and stock markets. Two of the three did roughly from 1989-93 along with Japan and much higher interest rates than today but we survived. Thus if the second largest economy in the world is on an upswing, our stock markets remain stable and interest rates don't rise dramatically your scenario won't happen.