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 (46329)	12/30/2005 2:52:57 AM
From: Live2Sail	Read Replies (1) of 306849

<Too many people are afraid of cold weather.> That sure didn't stop other areas from skyrocketing. Aspen, Jackson Hole, Milwaukee, Burlington ect.. Perhaps global warming and demographic trends heading downhill in many sunbelt markets and large cities in the northeast will help? Don't forget that the NYT article didn't say anything about appreciation, just affordability. Rochester may have appreciated, I don't know. Three of the four you cite above are resorts (not a fair comparison) or resort-ish. I know Burlington better than Rochester. It's a nicer place to live than Rochester. The schools aren't as good ,and the winters are colder (less snow), but it's better skiing. One thing that happened to Burlington is Jet Blue came to town. Wall Streeters live a nice life in VT and commute down to NYC. Also, that wealthy, multi-home owning, gay population recently highlighted in the NYT is attracted to now-liberal VT. The NYT graphic shows affordability of Burlington staying relatively constant. I'm not sure why upstate NY has been left for dead (high taxes, perhaps), but I find it hard to believe that Milwaukee has anything on it.

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