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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: elmatador who wrote (45808)2/7/2004 7:34:42 PM
From: Seeker of Truth  Read Replies (1) of 74559
 
Elmat, you are 100% correct wherever the distribution of people remains the same. But there is the phenomenon of urbanization. Everybody crowds into the cities. That's where the jobs are, that's where progress is made, that's where the public transportation and other energy efficient arrangements such as apartment houses are. That's where the best schools are. the best hospitals, etc. So urban real estate can do well even if the country's population is shrinking. Unibail is a French real estate company which invests exclusively in the Paris area. They are making money and growing. Just one example.
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