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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (3674)7/30/2002 12:11:29 PM
From: Jim McMannisRead Replies (2) of 306849
 
RE:"The very real reason for the alleged current insanity is a very real increase in demographic numbers among the home-buying age groups, and a very real shortage of buildable land in the most desirable areas---namely the areas where people want to live and where the jobs are."

I dissagree, I think the main driving factor is the 1997 cap gains tax break. Take that back and you'll find out.

Jim
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