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

To: MoneyPenny who wrote (70004)	1/7/2007 2:13:40 PM
From: Tradelite	Respond to of 306849

<<The downside here is finding people to work in middle income jobs. I live in Fort Myers where we have many jobs going unfilled as the expense of living here is too high. >> I have friends in the homebuilding industry who agree with you. In fact, they were talking about this potential for an unaffordable-housing implosion in the local economy many years ago. If you can't find people to do the little jobs that the big people depend on, the people doing the big jobs can't function well or want to live here, either. Our local police/firefighters get some sort of tax break/rebate for buying homes in the area, because their salaries aren't high enough to buy a well-located home near their jobs. Teachers get some sort of subsidies, as well. If we lose these particular occupational groups, why would we want to live here at all? And that's why the so-called minimum wage-type jobs pay pretty well around here, too------competition and demand for the services that the minimum-wage workers provide.