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: Lizzie Tudor who wrote (12882)	8/22/2003 10:57:32 AM
From: GraceZ	Read Replies (2) of 306849

I don't know how you can say you don't resent and then use the term "unproductive freeloaders" a sentence or two later. How much have residential rents risen in the last few years while you are trying to build your company? It was never real money of course, but neither is home equity here, it is propped up by this law No, it is propped up by the same thing that propped up stocks, marginal buyers willing to pay a price in excess of the value because they think someone else will come behind them and pay even more. How do we know this? Compare the cost of owning vs. renting. If it was simply people needing a place to live they'd be renting because it's a far better bargain in that area. Owners expect to re-coop the higher cost on owning with cap appreciation and it is that expectation which drives price up. If anything, the older property owners renting their property way below the ownership cost of a similar property has provided an alternative more affordable living situation.

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