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

To: Lizzie Tudor who wrote (38950)	8/24/2005 3:37:46 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

Can't argue with that, really. Only a few sectors recovered, homebuilding and all it's ilk, energy production, some segments of health care, defense/fatherland security, nail salons, tanning booths, etc, etc. The US economy has become incredibly narrow from what once was an extremely broad base (as recently as the 90's), and we're all going to pay the price for it I fear.

To: Lizzie Tudor who wrote (38950)	8/24/2005 3:46:49 PM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

"well I only say that because imho we never recovered from the last recession so to get another one is just amazing to me" Why does just about every real estate bubblehead think these are the best of times? Someone is paying 10 times more for land than four years ago in Florida. Everyone says we are in a boom that will go on for a long time. Even all the talking head guests on CNBC and FOX in their suits and ivory tower perch believe in the strength and long term growth of this economy. Can they all be wrong?

To: Lizzie Tudor who wrote (38950)	8/24/2005 11:34:16 PM
From: tsigprofit	Respond to of 306849

I agree with you there. I think this has been masked by the real estate bubble, and some things like Homeland Security spending. I read that the net job increase since 2000 would be zero if you took out security jobs - and I'm sure if you took out security jobs plus bubble real estate jobs - it would be a big decline. Plus - we need to create about 2 million jobs a year just to stay even with the population increase - no wonder people are having trouble! >> well I only say that because imho we never recovered from the last recession so to get another one is just amazing to me