Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tradelite who wrote (11831)	7/28/2003 6:46:56 PM
From: NOW	Read Replies (1) \| Respond to of 306849

"Real estate never really goes down in value". And neither does the stock market.

To: Tradelite who wrote (11831)	7/28/2003 10:57:43 PM
From: Neeka	Read Replies (1) \| Respond to of 306849

Current price on one acre with one-acre-per-dwelling zoning in my zip code is around $1 million. My mental price on my half-acre lot (forget the house, although it is not necessarily small or a tear-down) is a minimum of $600K. That would have to be Calif. or NY? Where in the world do you live. 1 acre zoned property in beautiful Seattle is going for 100,000. to 300,000. I've been expecting those kinds of prices to hit here eventually, but I think they are an anomaly. M

To: Tradelite who wrote (11831)	7/29/2003 5:47:22 AM
From: Micawber	Respond to of 306849

I'm so glad you just shared that. The reason things are happening the way they are happening in your area is simple-----SCARCE LAND. I don't even have to live there to know this I'm so glad you shared that. Now I know that your are either a realtor or a builder. That statement is on page one of their playbook. IMO, the reason things are happening the way they are happening in my area is simple----EASY MONEY. That, coupled with the philosophy also covered in your post: Real estate never really goes down in value, and no one is creating any more land. A very powerful statement. The guy who lost his shirt in the Nasdaq 3 years ago now thinks he has found the goose that lays the golden eggs, totally risk free. Call me stupid, but I am patiently sitting and waiting to buy these eggs at a vastly discounted price. I do this stuff for a living. I don't have time to wait 10 or 20 years for my investment to pan out. Good luck to you.