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To: Les H who wrote (169839)6/3/2002 1:09:35 PM
From: reaper  Respond to of 436258
 
Les, why would I only compare 1-unit structures?

At some point rental prices inform house prices (just as debt prices inform equity prices), as they are a substitute good. I don't think I have to tell you what rental prices say today about home prices.

Plus, some of those multi-unit structures I would presume are condos, like the building I live in (circa 1870, but...)

Cheers