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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.40+0.5%Dec 9 4:00 PM EST
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To: elmatador who wrote (49174)4/25/2009 5:25:51 AM
From: Snowshoe  Read Replies (2) of 218324
 
>>Americans build house to last 30 years max<<

Sort of. My neighborhood was built over 50 years ago as cheap tract homes. Very few have been torn down and rebuilt, but most have been extensively remodeled. It's a highly desired location with many mature trees, easy access to jobs, parks, schools, shopping, etc. Thanks to the $10K state energy rebate, there's a tremendous push right now to upgrade insulation and heating.

The tear-down and rebuild thing was more of a phenomenon during the boom in pricy coastal markets like California.
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