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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Wyätt Gwyön who wrote (33387)6/14/2005 3:05:51 PM
From: SouthFloridaGuyRead Replies (1) of 306849
 
As much as my fellow NY'ers like to think it's the center of the universe, it's not. For every example of over-valued real-estate in this country, I can show you just as many examples of fairly-valued or under-valued real-estate.

If you read paragraph 3 in what I wrote, I in no way think that coastal real-estate or NYC real-estate is reasonable. It's in a terrible bubble that rivals anything this country has ever seen.

But for the most part it is regionalized, not national in scope, and while it will have deleterious effects on local services, retail, etc, it will have very little effect on the life of most people in this country.
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