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

To: TobagoJack who wrote (469)	8/29/2001 3:35:44 AM
From: David Jones	Read Replies (3) \| Respond to of 306849

"Not enough, given the big picture, vs. the cost of new build, in view of equity hit and elapsed time to sunset years, taking account of boomer demographics and the expected weight of liquidation in a few years. One thing about the use is that there is no shortage of land, as the cities take their turn in becoming fashionable." I'm not quite sure I understand what your saying here. 5 or 30% down is not enough considering their maybe an equity drop? And boomer demographics equals liquidation? We've just entered the boomer retirement years and I'm not so sure there's enough data to draw such a conclusion. I don't agree with the assumption of no shortage of land. At least in my little piece of the world. Land is being gobbled up by NIMBY voters in various forms of land banking. A factor in the high price seen now. regards; dave