Saturday, July 11, 2009

Higher US Minimum Wage Coming to Hurt Real Estate More

Higher Minimum Wage Coming Soon (CNN)


Federal wage floor will rise to $7.25 an hour on July 24. Hike will be felt in 29 states. Can the job market handle it?


This will likely cause an unprecedented wave of job cuts on top of the existing negative momentum. Historically, negative employment numbers have always arrived with lower real estate indexes. To make a profit off this info then is a no-brainer: short real estate associated stocks, ETFs, REITs, etc.

I like the Obama administration. These folks have so far displayed very consistent bias toward short sellers, making forecasting very easy. More easy $$$, YAY!

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