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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Tradelite who wrote (37953)	8/5/2005 9:17:15 PM
From: Broken_Clock	Read Replies (2) of 110194

I'm a real estate broker. Have been for over 20 years. I don't have solid statistics but anecdotally I venture to say less than 1/3 of our buyers plan on keeping their home more than 3 years now. our "typical" buyers now have lived in at least 3 different places within the past 10 years prior to moving here. They always say the same thing... I love it here. We're never gonna leave. etc. 3 years later their gone and forgotten. They usually take 3-500k tax free with them when they leave. Buy another house or condo somewhere else, live off 200k for a couple of years, then wash, rinse, repeat the cycle. Lowe's and Home Depot are packed with people whose only job is to do a face lift on home or condo 3 years ago the real estate community knew the internet was a big plus for the business but only about 35% of buyers were looking on the internet. i think we're at about 90% now and it seems a majority of those use the internet for their primary research. Basically, the internet is allowing us to sit where we live and monitor every real estate market in the country. Just like daytrading stocks.

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