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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: X Y Zebra who wrote (33146)6/11/2005 3:09:48 PM
From: SouthFloridaGuyRead Replies (1) of 306849
 
It's a matter of degree. Real Estate has not appreciated as significantly in flyover country because of space constraints, poor local economies, and possibly the conservative nature of the inhabitants when it comes to debt (although I have read some crazy stories about credit card debt from people in places where I would have never expected it).

Convergence to the mean probably entails some sort of combination of flyover real-estate appreciating at local growth rates whereas speculative areas fall in absolute terms. In turn, West and East Coast economies perform relatively poorly since the spending of disposable income is also local.

In the end, this is really about lax lending standards and dumbsh!t consumers. Like any cycle, plenty of money to be made and the people who will profit are those who were patient. That's the beauty of this country.
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