The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Jim McMannis who wrote (11900)	7/30/2003 5:09:26 PM
From: fatty	Read Replies (1) of 306849

>Japans real estate market has been declining for about 12 years and they haven't been making any more land either. I don't know why realtors like to use the "ain't making any more land" sales pitch. In Boston, the entire upscale neighborhood called Back Bay was built on top of a land fill. Now, as the tunnels through the downtown area is nearing completion, the original surface road is going to be turn into a park and residential area. And every day, developers are turning old school buildings, factories, churches etc into residential buildings. Did anyone know that Australia, a country roughly the same size of continental US but with only 1/10th of the population, is also experiencing unbelievable real estate price appreciation? I hope realtors there won't use the same "ain't making any more land" excuse!

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