The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: HairBall who wrote (71)	7/8/2001 8:20:44 PM
From: Jim Willie CB	Read Replies (2) of 306849

a note on residential market I continue to hear more and more stories about sprawling suburbs of Boston my personal interest pertains to residential market not to investments such as REITs town after town is imposing roadblocks for further development and thus expansion of supply the issues are water and sewage (public or private) schools are not an issue town treasurers want the wider tax base but services are strained the other roadblock has been minimum zoned lot sizes the whole trend has essentially pushed the sprawl further and further out every couple years I asked a well-informed SanFran friend about the last economic downturn in 1989-91 was told SanFran simply leveled off, treaded water values were constant until 1993, then resumed their rise it is going to take an outright recession to hurt property prices on residential side supply is limited with rental market so tight, nothing short of a 5% unemploymt rate will be required to bring down residential prices imho any opinions would be appreciated thanks, Jim

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