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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: BGR who wrote (78436)	3/23/2000 10:31:00 AM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

BGR, I agree completely. But listen to my point carefully. Just assume that sort of leveling effect over time. If you do, then at any point of time either rents or housing prices can be out of sync. (just as yours is now and mine was when I bought) Even though we know they will eventually get back into sync, sharp movements by either without the other is telling us something. For example, if rents were to double over the next 5 years and housing prices stayed flat, you would say that inflation is high for housing. I would say maybe rents were too low for quite awhile and they are just catching up. Similarly, if houses are going up 10% and rents are going up 3%, you would use the 3%, I would explore both again. Wayne