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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: LLCF who wrote (1334)1/11/2002 11:59:33 AM
From: TradeliteRead Replies (1) of 306849
 
<<It's not short term thinking.... the spike we have seen is probably the short term occurance.>>

No, it's probably the only such occurance that you have been alive to observe. Spikes have happened time and time again throughout history....and will stop occurring as soon as:

(1) Scarce land in desirable areas begins to clone itself, thereby creating more of what is now a nonreproducible resource.

(2) The population of the U.S. stops growing, so fewer people need a place to live and work and raise families.

(3) Companies that employ people and create livelihoods for people decide they can find enough people to employ in remote rural areas that are not currently developed, and therefore will open up offices and factories in those areas, making way for new urban areas to develop. My guess is this transition will occur, but not in your lifetime.
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