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: John Vosilla who wrote (35649)	7/19/2005 12:30:56 PM
From: GraceZ	Read Replies (1) of 306849

Cape Coral is one of those areas which is experiencing a lot of outsiders coming in to speculate with cash made in other markets that moved earlier. I mentioned the price of the house to several friends in my recent visit to Northern CA and they all said, "Is that all houses sell for there?" They are so used to the over-blown prices in their own market that 180-200k seems ridiculously cheap to them, without taking into account that 10 years ago the house was less than 50k (and is currently a total wreck). It is the same kind of relative value judgements that people were making back in the tech bubble when any tech stock under $100 was considered cheap in comparison to $200 JDSU or $300 AMZN.

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