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: Wyätt Gwyön who wrote (69329)	12/26/2006 10:05:39 AM
From: John Vosilla	Read Replies (1) of 306849

'no, they should be 15% more based on salary alone. the rest has to do with other factors, the main one being a housing bubble.' Exactly. Folks pay the premium due to the high price of lots in built out areas in SV. The perception that RE there has been a better investment due to high appreciation over time helps as well. Folks don't buy overpriced property in Austin cause they think they'll make a killing from appreciation..

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