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

To: value added who wrote (38990)	8/25/2005 1:23:35 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

The sad thing is, there was a time in the 80's and 90's when Minneapolis really DID have a solid diverse economy. Corporate headquarters were located there for Honeywell, Medtronic, Pillsbury, Northwest Air (Republic Air, too, when they were still around, I think). They had a solid IT industry, too, Cray was headquartered there and a bunch of other computer industries whose names I can't recall...While Medtronic is still there and thriving, the others have merged or are undergoing tough times. It is good an example of the hollowing out of America as there is. Unfortunately, there are lots of other good examples, too. Phoenix, where I live is certainly no better in this regard, BTW....our schools are not as good, so maybe fewer people have the problem of being chronically underemployed. For them selling real estate is the pinnacle of what they could have accomplished, anyway.....although I do have my share of stories of special ed teachers and engineers quitting to become mortgage techs and real estate brokers. And we supposedly have a "good" economy in that we've got a lot of call center jobs here.....

To: value added who wrote (38990)	8/25/2005 1:28:46 AM
From: John Vosilla	Respond to of 306849

"I don't remember which paper but there was an article I read that postulated that the next boom region in the US is going to be in the US South, since cost of living (ie. housing, food, etc.) and cost to do business, and wages are still comparatively low compared to the rest of the country. " Agreed but I'm certain any large city in Florida isn't in that group anymore and we never had the educated work force to start with. Take a pick, anywhere from Raleigh, Cincinnati, Nashville, Kansas City, Birmingham, Atlanta, Houston and Dallas is going to do very well.