Comments on: Will Boise's Real Estate Market, Job Market, Economy Recover First? http://boiserealestatesoup.com/will-boises-real-estate-market-job-market-economy-recover-first/ Fri, 03 Sep 2010 01:28:25 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: jeff http://boiserealestatesoup.com/will-boises-real-estate-market-job-market-economy-recover-first/comment-page-1/#comment-167 jeff Wed, 17 Jun 2009 06:43:28 +0000 http://boiserealestatesoup.com/?p=628#comment-167 Moody.com's 4th quarter hiring bonanza is baseless. Micron just laid off half their employees and is planning to replace each one with three Chinese workers who have a $100k mortgage vs. one Idaho worker with a $300k mortgage People wanted higher prices and make their neighbor get stuck with the bill and cash them out for retirement. Well that doesn't really work if your neighbor can't compete or even has a job because the fake inflated price put everyone out of work. When prices fall and the cost to live and produce in the area goes down then jobs will return. High real estate prices don't create jobs they destroy them. Moody.com’s 4th quarter hiring bonanza is baseless. Micron just laid off half their employees and is planning to replace each one with three Chinese workers who have a $100k mortgage vs. one Idaho worker with a $300k mortgage

People wanted higher prices and make their neighbor get stuck with the bill and cash them out for retirement. Well that doesn’t really work if your neighbor can’t compete or even has a job because the fake inflated price put everyone out of work. When prices fall and the cost to live and produce in the area goes down then jobs will return. High real estate prices don’t create jobs they destroy them.

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