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

To: Tradelite who wrote (2548)	5/7/2002 1:00:15 PM
From: Tradelite	Respond to of 306849

Having said what I did in the last message, I'd say there is one scenario----which will take many many years to play out---which could make currently desirable areas less desirable. The problem is lack of affordable housing for all the people on whom we depend for services which enhance our quality of life in many cities. When there is no affordable housing for teachers, police, firefighters, dry cleaning biz workers, trash collectors, etc., etc., there could be some flight to more affordable areas of the country, both by major employers and their employees. But this flight, in my opinion, won't be too recognizable for a very long time. In the immediate future, we probably just have to be prepared to pay more for those services.