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

To: Jack of All Trades who wrote (8397)1/23/2003 1:33:18 PM
From: MulhollandDriveRead Replies (1) | Respond to of 306849
 
except in hawaii... <g>



To: Jack of All Trades who wrote (8397)1/23/2003 2:43:42 PM
From: J. P.Read Replies (1) | Respond to of 306849
 
<<My grandfather always told me that "God isn't making anymore land..." >>

Then why for the past 10 years has the cost of real estate been falling in Japan, a small densely populated island?



To: Jack of All Trades who wrote (8397)1/23/2003 3:03:03 PM
From: jjs_ynotRespond to of 306849
 
Although owning the land doesn't guarantee a profit, it surely locks in a value.

Even the possibility of owning the land creates a value. I know mobile home parks in Florida where you can buy the lot or lease it, BUT each lot is a separate deeded entity that can be purchased.


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