Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: valueminded who wrote (55268)	8/24/2006 2:36:49 PM
From: kaydee	Read Replies (2) of 116555

VM, I tend to agree with you. I know in Fairfield county (CT) quite a few cases. For example, in Stamford town, a two bed room, one bath apartment in a high rise but very old bldg, typically costs between $300K to $320K, as of 08/2006. This apt was about $200K during 2000-2001. It has appreciated about 50% in about 5 years. What happened this year? It didn't go to $350K plus, as it hasn't appreciated in 2006, instead the price has stabilized. That is what some people call a decline/crash. Similarly a house bought in Stamford, 2001 for $460K is now at $700K. Similar house in the same locality was sold for $710K as recently as 06/2006. The prices have stabilized, but not declined at all, as of today. This is the situation for all residential properties in this area. My knowledge is limited to parts of Fairfield county, CT. It may be totally different in other locations. just my 2 cents...

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next