SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Investing in Real Estate - Creative Opportunities
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: John Vosilla who wrote (1672)6/6/2013 12:20:48 AM
From: tejek  Read Replies (1) of 2722
 
Yes, in those markets, but its not true for a lot of the markets. Most markets are barely above their recession lows.


True but appears to me the author was just talking about those few coastal high priced markets only? Is it inevitable this spreads rapidly across much of the country with all the technology, mobility and today' s low rates?

No, I don't think its inevitable. Most if not all of those markets have special factors that are impacting their housing markets. SF is in a tech boom like one we have seen since the 1990s. Its happening to a lesser degree here in Seattle. To get a sense of how potent it is.........the unemployment rate in Seattle has dropped from 6.5% in January to 4.5% in April..........2 %tage pts in less than 4 months. DC hardly felt the recession and is experiencing a boom in its private sector jobs.......cos are moving their corp headquarters to be near the action. Latest example........Northrup is moving from LA to DC. NY is NY.......its in a league all its own and is a global city. LA is starting to experience real job growth and with that, there is enough easy money and a shortage of land to get the housing sector moving.

Places like Des Moines, or Phillie or Chicago or Dallas are no where near the same level and they predominate in this country.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News