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

To: John Vosilla who wrote (304494)	2/24/2011 1:30:16 PM
From: tejek	Read Replies (1) \| Respond to of 306849

A while back, I mentioned that AZ and MI should be fairly competitive in terms of operating costs when compared to other low cost countries AFTER you throw in American productivity. Well this IBM competition was within the US and did not consider other countries but look at the cities that were considered finalists. Nearly all were in the Midwest and are non tech centers that have not experienced a lot of growth in recent years. In landing IBM center, Dubuque offers lessons for Milwaukee The other finalists considered by the company were all midsize communities that house major universities: Greenville, S.C., home of Clemson University; Morgantown, W.Va. (West Virginia University); Bloomington, Ind. (Indiana University); Columbia, Mo. (University of Missouri); and Laramie, Wyo. (University of Wyoming). jsonline.com

To: John Vosilla who wrote (304494)	2/24/2011 1:42:05 PM
From: tejek	Read Replies (1) \| Respond to of 306849

Ratigan of MSNBC was in Seattle yesterday...nice pieces on Boeing and Nucor. I think being a prime west coast port with ties to the incredible growth in Asia sure helped too... Ironic Red America has fallen so far behind due to 30 years of Reaganomics on steroids but I do think very high home prices and costs of living will make it much more difficult for the younger generation to succeed in places like Seattle or Vancouver...Which is why places like Austin and Raleigh are well positioned as they are blue in a sea of red so have the best of both worlds right now...lol I think you may be right. Seattle was starting to come back earlier last year like it normally does but then things fell off a cliff in the last half. And last year, Boeing opened up an operation in Charleston which competes directly with Seattle. The way things are going the West is limiting itself to people who already live in the West or to people from some markets in the East......people who are comfortable with the higher housing prices. People in the South and the Midwest will not be able to afford the housing market here. Of course the irony is that Portland has a significantly lower housing median than Seattle and yet experienced slower growth during the past ten years. So who knows. Oh yeah........I said in another post that Seattle housing prices really didn't boom this past decade but yesterday I read an article that disagreed with that statement. Its my belief that most of the boom in Seattle's median price occurred in the 90s with growth slowing during the aughts. However, the article disagreed with that premise. I will have to go back and look at the numbers again.