Monday, January 22, 2007

Future Home Sales

The ability to see future events before they happen is what makes investors successful. To see an open field and imagine a shopping center, to see an old ranch and imagine a large industrial polygon of progress.

Future Home Sales
will be determined by supply and demand. In a booming economy the people living in small apartments will seek larger more "kid-friendly" accomodations. Yes, a place where the dog can roam and the kids can play.

BUT, the economy is not booming...

Most high paying middle class jobs are being outsourced to India, most of our industry is being crated up and shipped to Red China. Small businesses that once thrived are being swallowed up by Walmart. The wages that Walmart pays are insufficient for home ownership.

Large chain stores have destroyed the small shops that were once the backbone of America. They pay little over the minimum. They overwork their employees who often must work two jobs to pay for a ratty little apartment.

The future does not look bright. We see executive salaries go through the roof, but employees are told that in order to compete with China there will be a wage freeze and a hiring freeze. Whatever job security once was there is gone.

If you think that 50 cents an hour in China is bad, the latest numbers are even more grim. Many workers are now getting a dollar a day for 12 hours of work. That is less than 10 cents an hour!

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