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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (5783)10/2/2002 5:16:23 PM
From: fattyRead Replies (1) of 306849
 
>You say people are "easily replaced"--I say it's not that easy.

I said the 'average' American. Not your Harvard educated architect. There will always be people buying expensive houses. But the current housing market assumes the buyers to be Harvard grads making $150K a year.

In Boston, it was once the school de-segregation that drove the middle class away. Now it is the housing price.
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