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To: BigBull who wrote (91240)4/6/2001 7:13:44 PM
From: Skeeter Bug  Read Replies (3) | Respond to of 436258
 
bb, real estate varies dramatically in geographically diverse areas. the bay area is bubble city. springfield mo isn't. even now. slightly overpriced, maybe, but not bubble city.

many, many places will not see a r.e. bubble pop b/c they simply don't have a bubble r.e. market.



To: BigBull who wrote (91240)4/6/2001 11:26:18 PM
From: Ilaine  Respond to of 436258
 
After I posted that, I realized that I had not fully expressed what I wanted to say. You're right, the residential housing market can get hammered by the macroeconomy. No doubt about it.

What I was trying to say was, for the most part, in the residential housing market we don't see the boom-bust cycle we see in office space, of excess optimism leading to over-building and then excess inventory leading to declining prices. People who build houses on spec don't usually get too far ahead of the market. But when you build houses they are built one at a time.