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

To: Live2Sail who wrote (39036)	8/25/2005 2:39:21 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

re:<<Drive down 101 from Palo Alto to San Jose, and you will see the companies that produce every product inside your computer. There's no comparison to the density and impact of tech here vs. anywhere else.>> Drive down the Dulles Toll Road and thru Reston, and you'll see the same hardware/software companies' signs on top of buildings there, although not as prominently as you would have during the tech boom, because the companies can no longer afford the big signs. They might not be "developing" the product here on the East Coast, but they are servicing it in some way or another--and probably trying to save on plane fare between LA/SF and their clients located eastward.

To: Live2Sail who wrote (39036)	8/25/2005 2:39:32 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

I'm not really talking about jobs in silicon valley. I think so many people actually left the area after the bust that workers might have an easier time than before. I'm mostly talking about national employment and whether this RE inspired boom is creating the kind of wealth that the stock market bubble did. Imho that is a resounding NO. The USA created 350K jobs month, every month for almost 6 years starting with 1995 in the stock market boom. Now, we have a month of 220K job growth after years of substandard <150K jobs months, and the economists call it spectacular. Spectacular in this sucky economy, is all. If we really had a boom like the 90s now, we would have a rising dollar and surpluses at the federal level, even WITH all the reckless spending going on. Real estate is a zero sum game in the US that is the problem. The tech boom was not like that, we were grabbing wealth from everywhere, a completely different mix.