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 (27439)	2/24/2005 12:05:00 AM
From: Amy J	Read Replies (1) of 306849

David, what's the bottom line would you say from those articles? edit: "The explosion in move-up housing demand will end in 2004. After nine years of declining demand, demand for traditional entry-level housing will increase in 2003 and 2004, only to decline steadily thereafter. The greatest traditional home building opportunities will exist in the luxury and second-home markets." Hard to believe he sees declining entry level demand. In the Bay Area, entry level is more overpriced than luxury homes on a per sq ft basis. I think he's going to be in for a surprise - since when do people buy "up" when they retire? My parents and all their friends didn't want something "too big" as they aged. They all downsized. From your other post, you said the mortgage payments are the same over the past ten years because interest rates are much lower - that's the real reason for the boom. If Greenspan calls certain RE localities a bubble, then you know it's got to be since he's the RE bubble magician maker. "Uptown Manhattan Home Price Up 349.3 Pct from 1995" story.news.yahoo.com Regards, Amy J

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