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Strategies & Market Trends : The coming US dollar crisis

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To: Real Man who wrote (4651)3/6/2008 11:35:56 AM
From: Riskmgmt  Read Replies (1) of 71442
 
Vi

You said >>There is a limit to any distress. A house like that will
cost north of $150 per square foot to build, and that cost
won't come down any time soon, with Ben's foot on the monetary gas pedal. So?
It IS cheap.<<

I agree with this, but then this next part would seem contradictory?

>>No way I would
shop in CA, DC or South FL. Chicago and NYC also seem
expensive. You could be buying for 1/4 of cost to build in
Michigan. IMHO.<<

Generalities don't work well in Real Estate, there are some properties in So. Florida that can be had for below cost to build.
Someone posted listed 3/2's starting at $79,900 i believe one was 1,800 sq ft. I'd like to see someone try to build that for it's asking price. Not much downside.
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