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To: UnBelievable who wrote (16996)	9/9/2000 3:33:06 PM
From: XBrit	Respond to of 436258

Maybe I have a distorted view because I lived in the New York burbs from 84-91 then in Silicon Valley from 91-now. But I honestly don't find a 5-year 30% increase in house prices, nationally, all that "spectacular". That's 4.5% per year compounded. Yes it's more than inflation, but way way less than the stock market has gone up. I have seen 1-year increases in the 30% range, both in White Plains in 87 or so, and in San Jose in 99. ========== According to recently released data from the Office of Federal Housing Oversight, median home prices throughout the U.S. have increased 28% during the past five years (143% since 1980!). Prices have surged 44% in Colorado, 41% in Minnesota, 43% in Michigan, 40% in New Hampshire, 34% in Georgia, 30% in Arizona and Oregon, 29% in South Carolina, 28% in Nebraska, Kansas, North Carolina and Utah, 27% in Tennessee, Wisconsin and Louisiana, and 26% in Ohio, Missouri, Iowa and Kentucky. Hawaii was the only state with 5-year appreciation below 15%. How can anyone argue that such a spectacular nationwide housing boom is not causing dangerous imbalances and distortions?