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To: Mr. Douglas
Another element not accounted here is a pending credit crunch. It's going to be very hard to get a loan. The net effect will be serious deflation of real estate prices.

I just lost a system administrator from my San Diego office to another employer in VA. The employee could not cobble up enough to qualify to buy even a small condo in San Diego with both spouses working. He could afford a place in VA and had a good enough offer to jump ship. I spent two years training the guy in Linux and VMware to augment his Windows credentials. Once again, I have two offices in two cities with no sysadmins. People in that pay grade can't afford San Diego and don't want to work in Omaha. After camping in a rented bedroom in San Diego for 5 years to help that project, I'm back home in Idaho. No real desire to repeat the experience.

18 posted on 01/26/2017 11:42:35 AM PST by Myrddin
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To: Myrddin; morphing libertarian

The only thing that is going to save us from total financial meltdown is austerity - before it’s too late.

Looks like Trump may actually be doing that. However, like Chemo, it’s gonna hurt like hell before it fixes the problem. I don’t know if ANY politician can survive that.

We’ll find out.


19 posted on 01/26/2017 11:49:55 AM PST by Mr. Douglas (Best. Election. EVER!)
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