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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: X Y Zebra who wrote (26036)12/16/2004 11:20:25 AM
From: John Vosilla of 306849
 
Texas has experienced the growth but not the appreciation. Muggy weather is not the problem just look at Florida lately. Houston would most likely be the place to replicate the growth of a Mexico City in the coming decades in your scenario.

<This is a global picture, if one wants to take it to the specific city, then one must go to the detail of such city and take other elements into account; specifically, income tax considerations (not for nothing a desert rat hole like Las Vegas -or Nevada for that matter- is growing at something like 60%......). It puzzles me, however that Texas (with no state income tax -just like Nevada-) has not enjoyed the same growth... could it be the muggy weather.... hmmm possible, I do not really know.

At a given moment in time the condo market may be oversaturated by other more specific, (to a particular city) factor. However, even then such 'bust' as you make reference, could be temporary given the projected population growth overall and rather than a bust is a mere 'pause'.

My main point is... population growth in the USA WILL be considerably stronger than in years past. Personally, I do not believe the US officials really know the magnitude of the difference, by the time they will be more in tune to what will happen, there will be some surprises.>
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