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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Perspective who wrote (77157)3/8/2001 12:37:13 PM
From: prosperous  Read Replies (1) of 436258
 
That is what I have been thinking too looking at all the real estate being built
in the Portland/Hillsboro area. If I remember right this area, has been among the top in the
country in terms of new home licenses etc and IMO (which could be wrong) the real estate
is about 30-40% overvalued compared to its normal valuation. My understanding is that
30-40% overvaluation is where real estate typically peaks in an up
cycle in reasonable places :-) (it did in the early 90's in New England).
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