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To: Lizzie Tudor who wrote (1530)	9/4/1998 12:12:00 AM
From: alan w	Read Replies (1) \| Respond to of 67261

"the entrepreneurial flavor" I have never read anything more ridiculous than this. Is this why there is so much hightech industry in The Hamptons? Kids should see both of their parents have a sense of accomplishment that comes from work. That is really funny. All my daughters ever want to know is if they can go swimming at Grandmas. Do your kids really wonder about your sense of accomplishment? Maybe after they grow up and leave home. Oh yeah, that defeats the point of your argument. With regards to finances etc.., I agree with you on this one. alan w

To: Lizzie Tudor who wrote (1530)	9/4/1998 9:15:00 AM
From: j_b	Respond to of 67261

<<BY DEFINITION these are going to be very expensive places to live. >> I must take exception to this. I too live in N. CA, but I remember that 5 years ago, housing was actually quite reasonable. The high-tech industry was here and going full tilt, but for a variety of reasons, the housing market had not gone crazy. That is a very recent occurrence. Costs other than housing and gasoline are pretty average here. In San Diego in S. CA, there is also a thriving high-tech industry, and the cost of living there is quite reasonable. The reason the cost of housing is so high (IMHO) is that too many people made too much money too fast. They took the cash they recognized from IPOs and stock options and became raving lunatics. Think about the maintainability of these housing prices - without a huge downpayment, you have to make over $150k/year or more to qualify for the mortgage on most of these houses. How many people (percentage-wise) in the valley make that kind of money? The stock market has already stopped the easy inflow of cash (IPOs have slowed and many options are under water), so the prices can't keep going up. There isn't anyone to buy at these prices. Just like in the stock market, unreasonably high prices are not maintainable. Just like it did in the late 80's, the housing market here will crash.

To: Lizzie Tudor who wrote (1530)	9/4/1998 11:31:00 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 67261

>>First of all, with regards to locale etc, companies cant just move out of town and continue to do business as usual.<< Companies can and do just that. I live in a suburb of St. Louis, and I can tell you that the laundry list of companies that have pulled up stakes and left the city because of regressive, onerous taxation is quite stunning. The population is fleeing and the only way they can keep city employees from the administration to the school board on down is to make it a requirement that those employees live within the city limits. There has been a wholesale exodus of new industry and the only enterprise that remains are the older factories (such as Anheuser Busch) that find it is still profitable to use existing facilities than build new. But I can assure even those "stalwarts" are not expanding in the area. Business migrates to areas that where the political leaders are willing to enact tax policies that do not discourage growth. It's that simple. bp