SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Heinz Blasnik- Views You Can Use
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GraceZ who wrote (2782)6/27/2003 2:36:03 PM
From: benwood  Read Replies (1) of 4907
 
"...and home appreciation is exclusively due to falling rates"

This isn't true. Home appreciation has also been caused by the uplifting of the more expensive end of home sales from those who have benefited from the great wealth transfer in the past two decades. This group is small but mighty and turns over houses annually.

From the Seattle Times:
"But there's another seldom-discussed factor that's very, very powerful, says Baker, chief economist for the American Institute of Architects.

That's this country's concentration of wealth. Some 6.5 million households — or 6 percent of the population — drive the real-estate economy by buying new or existing homes annually, Baker says. And disproportionately they're those earning the top tier of incomes."

archives.seattletimes.nwsource.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News