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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: David Jones who wrote (25369)11/23/2004 3:38:35 AM
From: Elroy JetsonRead Replies (2) of 306849
 
The countrywide figures aren't really comparable because the real estate index for the nation is much more heavily weighted toward urbanized areas like London and Manchester.

It more like an index of the U.S. East Coast and West Coast, while eliminating the entire Midwest.

The same is done is Australia as the population is so heavily concentrated in only eight urban areas. The largest city in Australia's center, the Northern Territories (their Midwest), is Alice Springs with homes for a population of only 28,000. In fact the population of the entire Northern Territories is only 182,000 in an area of 522,000 square miles.

The bottom line is in the U.S. we average expensive urban home which appreciate greatly in booms with ex-urban homes which appreciate little. In Europe and Australia there are far fewer ex-urban homes to add to the average.
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