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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 (39038)8/25/2005 2:44:43 PM
From: TradeliteRead Replies (3) | Respond to of 306849
 
Where did all those jobs came from? Right out of the pockets of daytraders and "investors" in the stock market during the tech boom! And where are the jobs and the investors' money right now? Gone.

I'm sorry, Lizzie, but I saw too many stories in the newspaper during that time about workers hired only because a no-name company had investor and venture-capital money to hire them, and they sat at their desks doing nothing, because their managers didn't even know what to do with all the money.

<<The USA created 350K jobs month, every month for almost 6 years starting with 1995 in the stock market boom>>



To: Lizzie Tudor who wrote (39038)8/25/2005 3:44:57 PM
From: Live2SailRead Replies (1) | Respond to of 306849
 
Lizzie,

You're discussing national employment, but you mentioned that we never got out of a recession here in SV.

While many people have left, quite a few have either returned or arrived. 101 and surface streets are no longer the pleasure they were to drive back in 2002. That was heaven. It's not as bad as 2000, but "I can't drive 65," and it's not because I'm doing 75.

I'm also curious about all these rentals you're seeing. I'm actually interested in moving to San Mateo or thereabouts. Can you point me to where you see all this rental inventory and concessions?

L2S



To: Lizzie Tudor who wrote (39038)8/25/2005 6:00:53 PM
From: John VosillaRespond to of 306849
 
"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"

All so true. Real estate used to always be the benefactor of wealth creation not the main driver as today. Sometimes I sit back and compare we are today versus only 6 or 7 years ago and it is quite amazing.