Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Skeeter Bug who wrote (258425)	7/3/2010 7:12:24 PM
From: Broken_Clock	Respond to of 306849

NPR was doing a piece on Gulf Shores last night. I didn't realize just how massive the economic devastation is down there. The beach chair rental guy said he would usually have made thousands in chair rentals by mid day and he had sold just $5 the day of the interview. Restaurants, beauty shops, pretty much everything just dead. Hotels and condos empty.

To: Skeeter Bug who wrote (258425)	7/3/2010 9:24:30 PM
From: arun gera	Respond to of 306849

>the reason they kill themselves like this is that their living conditions completely suck.> It is possible that the living conditions in big cities are in some way worse than their rural surroundings. But working in the city gets them more currency (Yuan, rupee) numerically. And that is the only way they can buy the city made goods that their relatives in their villages need. You seem to be completely unaware of the differences between rural and urban third world areas. Rural areas have nice countryside or beauty but not much ways to income and facilities. Urban areas are not different from developed world's big cities - more opportunities but high cost of living. Like all immigrants, they aspire to go back to where they came from, but a small percentage ever do. -Arun