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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: NOW who wrote (1955)2/26/2002 5:35:34 PM
From: TradeliteRead Replies (1) of 306849
 
Value is and always will be in the eyes of the beholder---namely, the person paying for it. As long as people continue paying, expect prices to do whatever they're doing now.

As Bob Brinker told a caller on his radio show last weekend who asked why prices in the SF Bay area are so high....Bob gave the obvious, irrefutable answer: people like to live there and are willing and able to pay for the privilege.
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