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: mishedlo who wrote (27691)	3/2/2005 11:52:07 PM
From: kailuabruddah	Read Replies (3) of 306849

I agree with you Mish... I would not be surprised to see the Hawaii prices go up for another 6 to 12 months - supply is very tight... but, at that point affordability ratios will pretty much be where they were at the peak in 1990-1991 when suddenly the Japanese were no longer interested in buying Hawaii RE... Certainly all of the bubble markets make no sense from a rental-cash-flow-to-purchase-price-standpoint (I have always thought from an investment standpoint that the max price-to-rent ratio should be 125)... Perhaps it is safe to consider buying townhouses/condos and apartment buildings in college towns and areas near military bases (big pool of potential renters) where prices have not exploded (San Diego and Pensacola obviously don't qualify!). I know the Chapel Hill, NC market is quite supply-constrained (bunch of NIMBYs in charge of zoning and permits there) and the last I had heard, UNC was planning on growing its student body by 10% to 15% over the next 10 years... Other areas that come to mind: College Towns: Austin Madison, WI Athens, GA Gainesville, FL Bozeman, MT Columbia, SC Ann Arbor, MI Military Towns: Corpus Christi, TX Dayton, OH Colorado Springs Jacksonville, FL San Antonio

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