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

To: David Jones who wrote (2543)	5/7/2002 11:19:14 AM
From: Ahda	Read Replies (2) \| Respond to of 306849

Your going to be waiting for some time for supply to catch up. Possible as there is a shortage of housing here and a cost factor that is well beyond the reach of most. Inner city is focusing on redevelopment and affordable low cost housing. The affordability index is decreasing and unemployment is increasing across the whole of the area. Redevelopment in the inner city area will create a few jobs but this in housing construction, which i don't feel is the answer to long term growth. If you have a shortage of housing as well as jobs you have too many people going after too few jobs. In high cost environment about the only thing that is keeping it up is the low cost and ease of debt creation. Unless the job market changes it seems logical to me there is a great potential for foreclosures and reduced prices. With reduced jobs the labor market becomes more competitive as wages go down. Man must relocate to where he can find work that gives sufficient income or man becomes a social burden of the State.