Interesting E-mail between National Real Estate Market Financiers/Investors (Gloomy)

[CA renter]

That was excellent, John. It sounds perfectly logical and very much in line with what we’ve been witnessing.

Prepare for a long, slow grind down. 🙁

[patb]

6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?

[patb]

6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?

[patb]

6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?

[patb]

6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?

[patb]

6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?

[jficquette]

[quote=jpinpb][quote=jficquette] She went on to say it was administration policy that they will create new employment and by doing so they will boost the economy, and so then real estate values will return to old levels. [/quote]

New employment? What would that be? Seems a little vague. Employment which salary would allow the median housing prices to return to peak price of 500k? I would really like to know what these new jobs will be.[/quote]

I don’t see where the jobs are coming from either. If anything, the competition by people in other countries competing for work here will dampen it.

John

[jficquette]

[quote=jpinpb][quote=jficquette] She went on to say it was administration policy that they will create new employment and by doing so they will boost the economy, and so then real estate values will return to old levels. [/quote]

New employment? What would that be? Seems a little vague. Employment which salary would allow the median housing prices to return to peak price of 500k? I would really like to know what these new jobs will be.[/quote]

I don’t see where the jobs are coming from either. If anything, the competition by people in other countries competing for work here will dampen it.

John

[jficquette]

[quote=jpinpb][quote=jficquette] She went on to say it was administration policy that they will create new employment and by doing so they will boost the economy, and so then real estate values will return to old levels. [/quote]

New employment? What would that be? Seems a little vague. Employment which salary would allow the median housing prices to return to peak price of 500k? I would really like to know what these new jobs will be.[/quote]

I don’t see where the jobs are coming from either. If anything, the competition by people in other countries competing for work here will dampen it.

John

[jficquette]

[quote=jpinpb][quote=jficquette] She went on to say it was administration policy that they will create new employment and by doing so they will boost the economy, and so then real estate values will return to old levels. [/quote]

New employment? What would that be? Seems a little vague. Employment which salary would allow the median housing prices to return to peak price of 500k? I would really like to know what these new jobs will be.[/quote]

I don’t see where the jobs are coming from either. If anything, the competition by people in other countries competing for work here will dampen it.

John

[jficquette]

[quote=jpinpb][quote=jficquette] She went on to say it was administration policy that they will create new employment and by doing so they will boost the economy, and so then real estate values will return to old levels. [/quote]

New employment? What would that be? Seems a little vague. Employment which salary would allow the median housing prices to return to peak price of 500k? I would really like to know what these new jobs will be.[/quote]

I don’t see where the jobs are coming from either. If anything, the competition by people in other countries competing for work here will dampen it.

John

[jficquette]

[quote=patb]
6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?[/quote]

I think its in the context of fundamental changes in how our society uses the new tools available and its impact on how our economy works.

John

[jficquette]

[quote=patb]
6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?[/quote]

I think its in the context of fundamental changes in how our society uses the new tools available and its impact on how our economy works.

John

[jficquette]

[quote=patb]
6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?[/quote]

I think its in the context of fundamental changes in how our society uses the new tools available and its impact on how our economy works.

John

[jficquette]

[quote=patb]
6. Mobile phones, and other devices are now becoming all sorts of tools and multiple use devices. Social networking is growing faster than anything anyone can imagine. The growth rates are beyond comprehension. This is where everything in the world is going from ordering food or reserving a car on Zip Car, to reading the news or anything. If you are over 30 you can’t grasp what is happening and how fast.

Thats crap. And as none of it’s monetized, what good is it?[/quote]

I think its in the context of fundamental changes in how our society uses the new tools available and its impact on how our economy works.

John

[Author]

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