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

To: kikogrey who wrote (46158)	12/27/2005 12:56:40 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

"You get the picture, those who are investing in doing something worthwhile for themselves and the world have at least for the present gotten screwed due to this run-up in real estate" Strange times indeed. Desperate times called for desperate measures perhaps? And this happened under complete control of the Republican party that is supposed to be about fiscal conservatism, free markets, probusiness and education. Don't you love when the president gets on the boob tube and preaches his ownership society, job creation and education mantras.. Meanwhile illegals from points south make a triple killing working in the booming construction trades, $100k/yr appreciation in their RE and avoiding paying taxes. Contrast that with the grad student that when he gets back out to real world will compete with 200 people for one job opening while living in his parents spare bedroom and waiting tables at night..

To: kikogrey who wrote (46158)	12/27/2005 3:16:52 PM
From: Live2Sail	Respond to of 306849

You're spot on. The boom (bubble) in home investment may cause problems for the U.S. down the road. As Lizzie or would say, this is money that could have been invested in productivity-enhancing ideas like alternative energy, biomedical, or whatever. It's gonna be a double whammy when housing slows, stops, or reverses. L2S

To: kikogrey who wrote (46158)	12/27/2005 4:28:30 PM
From: patron_anejo_por_favor	Respond to of 306849

>>You get the picture, those who are investing in doing something worthwhile for themselves and the world have at least for the present gotten screwed due to this run-up in real estate.<< This is a perfect example of malinvestment, among many others. It's why bubbles are terribly destructive to an economy (and a nation) in the medium to long term. It's absolutely nuts to keep incentives in place encouraging more of this, but they're still there.....

To: kikogrey who wrote (46158)	12/27/2005 8:55:34 PM
From: KM	Respond to of 306849

That is an excellent point. The whole "investing" thing makes me sick to my stomach.

To: kikogrey who wrote (46158)	12/27/2005 11:03:46 PM
From: Bonefish	Respond to of 306849

Just think you could have spent 4 years in Medical School plus internships and then find out you're 400,000 dollars behind trying to buy a house. Of course you had to rent while you were a student and probably rented somewhere else when you were a resident. At least you didn't become a teacher. On the other hand, you could have taken a one or two week course in Real Estate with only a high school diploma and come out way ahead. Flipped 3-4 houses and sold a few and be a millionaire. I can see why the US has to import engineers and scientists. Where's the incentive for any domestic person to spend the time and money?