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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 12 Aug 2005 13:39:07 -0700
/ Author of the message: kuacou241@yahoo.com |
Title of the message: |
Times/Krugman: Safe as Houses
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Text of the message: |
NY Times August 12, 2005 Safe as Houses By PAUL KRUGMAN I used to live next door to a Russian =E9migr=E9. One day he asked me to explain something that puzzled him about his new country. "This place seems very rich," he said, "but I never see anyone making anything. How does the country earn its money?" The answer, these days, is that we make a living by selling each other houses. Since December 2000 employment in U.S. manufacturing has fallen 17 percent, but membership in the National Association of Realtors has risen 58 percent. The housing boom has created jobs in two ways. Many jobs have been created, directly and indirectly, by a surge in housing construction. And rising home values have fueled a simultaneous surge in consumer spending. Let's start with home building. Between 1980 and 2000, which was before the housing boom, spending on the construction of new homes averaged |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.