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bob007
Participanti posted once. i had a problem in my browser
Participantwsj minus their rantings in their rightwing editorial page
is a great newspaper for business news. i used to pay $79-99 for the privilege of reading their online edition. i cancelled it to save up on cash.ParticipantI would rank in descending order the risk of downturn
San Francsico-San Jose
Orange County
Los Angeles
San Diego
Inland Empire
Sacramento
Central ValleyParticipantMotorola and Scientific Atlanta are a duopoly in cable tv equipment and set top boxes
ParticipantMotorola and Scientific Atlanta are a duopoly in cable tv equipment and set top boxes
ParticipantMotorola and Scientific Atlanta are a duopoly in cable tv equipment and set top boxes
Participantemployment is a lagging indicator of a slowdown. Nokia is specific to maturation/shifts of wireless industry. If QUALCOMM scales back tomorrow watch out.
Participantforeclosures in midwest have nothing to do with housing bubble – it is loss of industrial jobs. houses sell for 80-200k. folks who bought those houses were making 30-50k. it is not like they were stretching their budgets.
Participantright now the middle class consumption is fuelling imports from China and Asia. I am generalizing here.
Cutting back on consumption will force the reduction of the trade imbalances.
Participantmy two cents …
i have no sympathy for the indebted middle class. they have the power to contain medical, education and housing costs.
they make a lot of poor choices as individuals and collectively in the realm of public policy.
people insist on living in the high priced coastal areas.
a lot of companies in midwest and texas have a hard time finding qualified professionals.Participantwe (incl my wife) make a lot of $$$ compared to median salary. yet we feel nervous about our future. we are concerned about incurring huge debts.
what see i is a populace that is largely not interested in their or their kids future.
Participantour tax system is the root of real estate and health care industry distortions. currently the complicated tax code costs me $40 annually – turbotax for the web. maybe in $200-300 of I go to a CPA in the future.
complicated procedures in the health care sector and the real estate market could cost me thousands. already i have paid $500 to dentists who have not explained clearly the procedures but billed me for it. i am not complaining about it. i can afford the costs. i think about those who cannot.
Participantwhen prop 13 is repealed look for California real estate market to take a hit.
it will happen when central valley/inland empire voters outnumber the coastal voters. it will happen in 15-20 years.
ParticipantA lot of good engineers make the transition from 50k to 100k + salaries in 5-10 years. I made it.
they can afford the median house in san diego. assume the spouse works in a 20-40k job.
the point is that there are not too many people making that transition since outsourcing began in 2002.
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