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

To: STEVE who wrote (10904)	6/2/2003 9:10:16 AM
From: marginmike	Respond to of 306849

was looking at 2 million homes this weekend that are worth 800-1.1 at best. Think ill wait. I will say that NJ is still affordable compared to Westchester and Long Island

To: STEVE who wrote (10904)	6/2/2003 9:17:23 AM
From: abstract	Respond to of 306849

It costs that much in Chicago for a 3-bedroom modest home with no lot and a lousy school district. The problem in Bergen County NJ is that you have too many people chasing too few homes. The Average income/cost of house ratio is totally absurd but everyone wants to live in a good school district and to do that in a 3 bedroom with any kind of lot is 700k.....and that is a relatively modest home. It's very depressing but I'm no longer sure it's gonna end anytime soon.

To: STEVE who wrote (10904)	6/2/2003 12:29:52 PM
From: fatty	Read Replies (1) \| Respond to of 306849

>The Average income/cost of house ratio is totally absurd but everyone wants to live in a good school district and to do that in a 3 bedroom with any kind of lot is 700k. Same thing in Massachusetts! I have been telling my wife that if our kids get the average of our SATs, they will have better scores than most of their peers from the $700K town 2 miles away. Genetically, they are ok. :-)

To: STEVE who wrote (10904)	6/2/2003 1:49:44 PM
From: J. P.	Respond to of 306849

<<So when is this bubble gonna pop????>> Well, IMO the full weight of the government will be to keep this thing rolling until at least after the elections so that George Bush won't lose based on the economy like his dad. I'm not expecting much for another year, or two years. Maybe - gulp - never? Then I'll have to be ready to pony up about a cool million for a 1200 sq foot RANCH HOUSE where I live, because they are not far from that now! I listened for awhile to Bob Brinker on the radio this weekend, everybody was calling in and asking about Real Estate. Hello, remember the stock market?