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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 (49594)	3/6/2006 12:33:55 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

<You have CEOs and highly paid professionals living in "dumps" while everyone over 50 is living like a king irrespective of their earning potential in prior decades, it sucks.> That doesn't seem to be a strong foundation for a real economy in the future in SV. In my neck of the woods the tradesmen are now the millionaires while many unlucky well educated are working at Home Depot trying to be like the tradesmen once they have learned the skills and built contacts..

To: Lizzie Tudor who wrote (49594)	3/6/2006 12:43:41 PM
From: kikogrey	Read Replies (3) \| Respond to of 306849

right see, thats the problem here. You have CEOs and highly paid professionals living in "dumps" while everyone over 50 is living like a king irrespective of their earning potential in prior decades, it sucks. I agree wholeheartedly there is a huge disparity between those who bought years ago and those "forced" to buy now. I am in the group who bought years ago and although I'm happy my house has appreciated it is far offset by what I feel is an injustice to my childrens' generation (20 somethings.) The LA Times has had some good articles yesterday and today on how a) the cost of college will have many in debt until retirement and b) education doesn't assure you of a good paying job like yesteryear. I think it's a perverse happiness for my generation (50s) to be gleeful by RE gains that are gotten by essentially screwing the younger generation.