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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: fatty who wrote (4723)8/27/2002 2:18:24 PM
From: TradeliteRead Replies (1) of 306849
 
<<We also know that cities and towns around the country also making more buildable lands available. There isn't shortage problem here. >>

You're kidding, right?
Now I know why you feel the way you do--you live outside a major U.S. metropolitan area. Am I guessing correctly?

Otherwise, you just took the biggest single reason for rising home prices in the U.S. and threw it out the window as being insigificant. Ask any builders today why they are charging more to build homes today than five years ago, and their answer will be primarily the scarcity of land and higher expense associated with acquiring it and developing it.
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