Re: There is no ‘overall market’ - Posted by JohnK
Posted by JohnK on May 18, 2006 at 22:23:58:
“Then there are those who look around and see prices rising.”
Really? Name a few areas, please.
You Avoid the Basic Truth - Posted by Jimmy
Posted by Jimmy on May 19, 2006 at 07:27:25:
Your comments avoid the basic truth. all real estate is local. always has been. Austin is on fire RIGHT NOW. this follows a 3 year downspiral, fueled by the tech wreck.
We had interest rates as high as 20% in the 70’s, yet Califonia real estate soared. How is this? Because all real estate is local, and local factors override. everytime.
Get off the 405 and spend a little time in East TX. No hyper-inflation here. Resale values still very much in line with underlying rents. Opportunity everywhere.
Re: Great Depression - Posted by Rob Ricker
Posted by Rob Ricker on May 11, 2006 at 22:08:01:
The great depression didn’t really affect rural people much did it? My grandparents and others of their generation said they felt nothing during that time. They were dirt poor before and dirt poor after! lol Something tells me the real estate prices in Appalachia didn’t change much!
Re: There is no ‘overall market’ - Posted by John Corey
Posted by John Corey on May 19, 2006 at 07:40:28:
Check this thread.
http://www.creonline.com/wwwboard/messages/19235.html
The URL there points to an article from the Bankrate Monitor organization. The article is on the MSN site.
10 cities that are rising and are expected to continue to rise in the present climate. 10 cities that are more or less flat. 10 cities that are over priced and will see a correction or stay flat for a long time.
Even if the article is not exactly correct the points raised about why each city is experiencing what is being reported makes one think about what drives prices.
John Corey