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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 (39441)	8/28/2005 3:55:08 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 306849

I don't want to start an argument with you then don't. ...however, if you make statements like: I'm in favor of a RE crash. I think it will help those that need help (young singles and families) and ironically, I also think it will help the growth stock market which is so moribund it is killing the startup climate. PARTICULARLY THIS: Real estate is like the law profession to me. Not a wealth creator and a lot of self important folks in the profession. expect a rebuttal... as for... can you understand how manufacturing industries are wealth creators and sellers of appreciating assets have none of those properties? The tech industry, by and large, is a manufacturing industry. i tried to explain to you that real estate developers ARE part of such wealth creating process, for starters: without land development and industrial building development YOUR tech industry would NOT be in a position to be productive. (or do you expect everyone to work out of their garages or tents ?) in addition... are you saying that sellers of appreciating assets do not bring anything to the productive process ? oh, i see... so placing capital at risk ought to be for what purposes ? olympic sport ? the real estate investor/speculator provides a similar function to that of the stock market for the entrepreneur who wants to go public. or are you saying that it is OK for the stock market speculators to put money into your beloved tech. industry, yet any other buy-low-sell-high-hyena is to be destined to the ovens of hell ? rubbish ! the flat out reality is that a bunch of people who have picked up on a trend (i.e. rising real estate appreciation) is the RESULT (and not the cause) of: 1. the stock market being in the dumpster (which will probably remain there unless circumstances dramatically change.) 2. the soft(er) job market in the IT industry, which no longer enjoys the care-free days of internet-mania, (therefore), in order to get a job and enjoy the former life of the mania days you need to: 2.a. be well qualified 2.b. work hard 2.c. save in order to have comparable life styles.... i think a better understanding of interest rates will assist you in understanding the reasons why things happen (no need for outrageous statements that have nothing to do with reality...) here is a good site that will give a glimpse as to how interest rates do what they do and what are the possible reasons and what to expect next: smartmoney.com i mean do you seriously believe a real estate CRASH will HELP the stock market or the tech industry ?... -lmao how about this: large traditional manufacturing is long gone from the USA and it is unlikely to return because of the simple reason that unskilled labor is a lot cheaper outside and very likely to continue so, because the simple law of large supply of unskilled workers in the third world seems ENDLESS and will cause the price of same to be depressed for years to come... this same law will apply to any other job where the skill is matched by said third world workers against the american worker. This has not stopped Toyota and BMW to bring factories to the USA [read between the lines, does this tell you that unionized labor is doomed ?] does this have anything to do with real estate flippers ? A = NOPE actually, high tech is probably the one industry in the USA that has much better chances of survival, because indeed engineering and computer science schools are very good here... is that a guarantee for "a million dollar salary in every household" ? [or young families getting a home?] A = NOPE your pleas to help "young families" is no different than 'tax the rich', or 're-distribute wealth' and any other communist-tilting rubbish that has been tried (AND FAILED) before. not understanding that such schemes NEVER WORK, nor WILL EVER WORK. the simple fact that the so called 'global economy' very much brought and assisted by the very same 'internet phenomenon' created by.... guess who? ---> THE TECH INDUSTRY has created a FAR more competitive environment that you seem NOT to appreciate... all that has absolutely NOTHING to do with the so called real estate bubble... and lastly.... real estate is a large industry that has many segments, it probably is a lot simpler than being an engineer, although dealing with burro-crats, is far from being simple (not to mention LAWYERS) but i tell you what.... for the average guy, real estate has been FAR, FAR, more beneficial than ANY manufacturing industry out there... so you may pay heed to such industry, because when it comes to wealth creation... * on average * proper, prudent, and simple real estate investment and management has created MORE wealth than any tech. industry job... (owners of companies excepted of course -ah yes, there is that knowledge and risk factor yielding results, yet again) so don't knock it. instead, put your analytical skills to work and benefit from it.