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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (103)	7/8/2001 10:51:02 PM
From: stomper	Respond to of 306849

with rental market so tight Very good point. The new construction and MDU taxes in Minneapolis are outrageous so there is very little going on in the way of building new rentals. We've been running at about 97% occupancy since I moved here 5 years ago. -dave

To: Jim Willie CB who wrote (103)	7/9/2001 10:03:07 AM
From: rolatzi	Respond to of 306849

Boston Real Estate Market has been very hot since 94 at least. One has to imagine that real estate will go down if there is a serious recession. Now is not the time to buy, but if you bought a home two years ago or before, you already have good appreciation. However, the local economy is well diversified and housing is in short supply. The big dig will continue for another 3 years at least stabilizing the construction industry. In the near suburbs (Weston, Concord, Sharon, Dover) lot size and lack of new building sites maintains the price. In the city, Cambridge is stabilized by lack of buildable lots, the presence of Harvard and MIT and growing hi-tech. The surrounding communities, Somerville and Arlington have received the overflow of people who can't afford Cambridge and houses have appreciated very well there as well. I have noticed when driving through Cambridge that the number of for sales signs has increased lately. On Cape Cod, there has been a building boom which is is coming to an end due to new restrictions imposed by the towns on construction, by a 3% property surtax which the towns have imposed and are using to buy up buildable lots, by the presence of National Seashore which occupies more than half of the land (outer cape), a realization on the part of baby boomers that the cape (upper, primarily) may be a possible place to retire, by proximity to shoreline (a precious resource) and attempts to diversify out of the tourist industry. Rolatzi