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.

Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (1288)	2/5/2013 2:18:38 AM
From: John Vosilla	Read Replies (1) \| Respond to of 2722

The benefits of highly skilled regions accrue mainly to knowledge, professional, and creative workers. While less-skilled blue-collar and service workers also earn more in these places, more expensive housing costs eat away those gains. There is a rising tide of sorts, but it only lifts about the most advantaged third of the workforce, leaving the other 66 percent much further behind. My guess is that if the other 66% has any chance of keeping up and avoiding debt slavery it might be that someone in their immediate family bought a nice chunk of local RE many decades ago when values were very reasonable. Also very important that they didn't throw away all the equity gains either by over consumption over the decades.... Always love reading RF's work..