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: David Jones who wrote (25017)	11/5/2004 2:04:40 AM
From: John Vosilla	Read Replies (1) of 306849

I agree David. My point about the high end So Fla condos are compared to existing product in the area they are priced much more higher based on rent they can generate. I think the average single family price in Ft Lauderdale market is $310K with say $53k household income still far behind your market. I love the Dallas and Houston markets these days. Average homes in $150k range with household incomes over $60k. Many condos from oversupply after 80's oil bust on the market at a fraction of replacement cost and cap rates in low teens. <Oh I don't know about that I can show you some pretty damned over priced properties around here.)What strikes me with pricing is the relationship to X's price over that particular area's household income>

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