Actually, of all of the people I know who lost money during the dotcom fiasco, none of them worked in the IT field at all. Also, being right next to a major military installation, houses are still selling as usual here. There are houses continously for sale here and continuously selling as military get reassigned. With the guaranteed income of the military, loans are still easy to get. Most folks I know all had fixed rate mortgages too - no ARMs. My neighbor across the street, and 4 other houses all sold within 60 days recently. My neighbors house just two days ago.


>>SNIP
>>
>>>We are longing for an american president that is able to get the economy back to the years of bill clinton. If not, the US will lose its position to a new rising power: whether thats in europe or Asia.
>>
>>Now that is interesting. I find it funny that anyone would long for the dotcom collapse. Strange that I know of not a single person who is suffering financially right now after the sub-prime collapse, but I know of too many to count who lost a LOT during the dotcom collapse.
>
>Could it be that the people we know were involved in the dot com mania, being geeks and the such? While we probably don't really know too many real estate dealers or people so deeply in debt.
>
>Though, the couple of those dealers that I know say that it's pretty much impossible to sell a house nowadays. Though they'd never say they're trying to sell houses - they are all selling homes ;).
>
>Looking at their magazines they leave at the groceries, the big houses have gone considerably down. Looks like McMansions are going for relatively less $/ft² than simple townhouses or a ranchers than they used to.