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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (279195)9/28/2010 12:40:34 AM
From: tejekRead Replies (1) of 306849
 
I agree with your points. Was referencing mostly that if the high prices in our gateway cities remain so for the next few years reflation is much more likely to be a success and come back sooner in now inexpensive areas that were driven up before in part because of their perceived value versus the likes of the Bay Area or NYC.. Well today the spreads are larger than ever.

Oh.......I see what you are saying. I think the only way the housing price inflation of the coastal cities can influence the less expensive cities is if residents of the coastal cities move to the other cities. During the 90s, that happened with LA vis a vis other cities of the West. Housing prices in Denver, SLC, Phoenix, LV, Portland and Seattle began to rise as the exodus from LA began to grow......more so with the sunshine cities than the rainy cities.

Without that migration, I don't think the gateway/coastal cities can have much of an influence. Do you agree or disagree?

I had this great map where if you clicked on a city it would show you what was the predominate trend....in migration or out migration.....and what cities were contributing to the in migration or were the recipient of out migration. It was very telling of the population movement throughout the country. Unfortunately, I saved the damn thing and now I can't find it. :-((
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