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

To: Tradelite who wrote (4724)	8/27/2002 4:53:25 PM
From: fatty	Read Replies (1) \| Respond to of 306849

>Now I know why you feel the way you do--you live outside a major U.S. metropolitan area. Am I guessing correctly? I've lived in Boston for over 20 years. I've lived thru 2 real estate bloom and burst cycles. The next one is coming soon. The only reason greater Boston experienced such insane price appreciation is due to the domino effect of handful of people competing for a few desirable locations. The apartment vacancy in Boston is the highest in 10 years. There is no shortage of housing. There is only shortage of affordable housing.