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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: damainman who wrote (50486)1/20/2006 3:58:58 PM
From: The Wharf  Read Replies (1) of 110194
 
I imagine at some point providing it is not Agriculture zoned or Fed owned the Central Valley as the San Fernando Valley will become congested.

I was in utter shock yesterday while looking at property values in Mammoth where the price for a small condo was $500,000.

I can understand this in LA where people have an opportunity for creating income. Mammoth is pricey leisure for many who invest there.

The economy is doing well or you would not see this type of pricing. You have to have numerous people all wanting to sell at once so buyers have more pricing power. That in this area occurs when for one reason or another future income potential is questioned and contraction begins.

You tighten your belt when you are not sure just how many bucks you can bring in.

Long story short when the FED adds more to your price of expansion by increased rates that adds to your cost for business same result. Only they force you to tighten your belt and do add to the chance of of contraction.
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