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Non-Tech : Investing in Real Estate - Creative Opportunities

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To: John Vosilla who wrote (1160)1/2/2013 12:27:18 PM
From: tejek  Read Replies (1) of 2722
 
The genius of what Bernanke is doing avoided great depression 2. Permabears might not like him creating new bubbles in high priced areas with little supply and record low interest rates. As long as the spread is there they will build. Money Penny referenced a huge green multiuse project going on in SF a few weeks ago. Nice to be progressive for a change

The primary reason we had a housing bubble that burst so badly is that a lot of people were placed in housing they couldn't afford. In SF, there is no bubble. Demand far exceeds supply even with the amount of construction the city is experiencing. Incomes are high and job growth is very strong. A bubble may form only if this construction boom lasts more than 5 years........an unlikely event in SF since the city tends to self monitor itself when it comes to construction and gets very unhappy if the volume of new construction persists at high levels. The same thing is happening now in Seattle.........people are beginning to react unhappily to all the new construction going on in this city.
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