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

To: microhoogle! who wrote (282206)	10/9/2010 11:35:44 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

Definitely agree on Dayton, which I know pretty well. They were slammed by the decline of the Big 3, had lots of auto-related manufacturing jobs that are now gone for good.

To: microhoogle! who wrote (282206)	10/9/2010 11:57:05 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

re: Some of these cities include Dayton, Toledo, St Louis, Kansas City etc. Anyone can be taught to put nuts on a bolt, and people in developing countries will do it for far less than $20+ an hour, or even $20 a day. The new "value added" jobs require fairly high levels of edumacation. You have to be able to do things that the people that took your manufacturing jobs can't. If your town doesn't have the requisite levels and your manufacturing jobs leave, it's all over. I don't see ANY recovery for most midwest towns. Detroit will bounce back, but only because it has a large population of highly educated people. The ones who worked in overpaid factory jobs here will either get more education or be stuck in menial jobs. The days of making good money for doing things anyone could do are over, and they aren't coming back.