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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Schnullie who wrote (32962)6/9/2005 7:37:18 AM
From: TradeliteRead Replies (1) of 306849
 
It's not controversial, unless we insist on ignoring reality, in my opinion.

<<the speed at which this is occurring is unique to the last 5 years or so>>

The rate at which the world is moving and changing in just about every aspect of life is speeding up. Do you think that, in the past, stocks could triple in a matter of weeks like GOOG did? More players and more money (from foreign investors, too) make it happen.

In my zip code, it is more common than it is unusual for homes to be sold for all-cash (and often millions of dollars) to someone who probably arrived in this country within the past one-to-five years. Same in other cities, too, I'm sure.

Just about every week, I see a story somewhere about foreign investors buying up U.S. commercial real estate. If an American investor had only other Americans to compete with, and only a limited number of financing sources from which he could obtain money, prices probably wouldn't be where they are today. But that's not the way the world is functioning.
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