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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (44770)	11/4/2005 1:29:34 PM
From: Jack of All Trades	Respond to of 110194

I work (not sure how much longer) for a small CA company, we have offices in San Jose, Anaheim, Sacramento and NH, I'm in NH. We just recently (this week) had two employees in Anaheim quit to move out of CA to TX. They claim the cost of living is just too much in CA and they will never get ahead there. These people do not own homes and have bad credit due to the cost of living in CA. I think you maybe seeing the lower classes finally throwing in the towel and moving out. JMO

To: Ramsey Su who wrote (44770)	11/4/2005 1:37:41 PM
From: russwinter	Respond to of 110194

I don't know if you knew this, but until three years ago I owned 61 units in two vintage apartment buildings in Tacoma, in kind of a transitional but improving neighborhood. I spent the weekend with one of my old landlord buddies there, and he told me rents were hard to increase, and vacancies (for qualified tenants, not riffraff, a distinction) are about as high (10% plus) as he's ever seen and he's been there thirty years. He said it was the same story everywhere. He said vacancies were starting to improve some of late. He also said he gets sky high offers for his places constantly.