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

To: Jim McMannis who wrote (11900)	7/30/2003 3:34:58 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

Foreclosures... no not many, there have been a few though. I live in the worst area for housing here because my county is where the real dotcom bubble companies were, the second industry is software another calamity. The rentals here are half empty and they keep coming online. Still this is a good area for RE investing if you time it right. I'm waiting for LT rates to creep up a little more.

To: Jim McMannis who wrote (11900)	7/30/2003 5:09:26 PM
From: fatty	Read Replies (1) \| Respond to of 306849

>Japans real estate market has been declining for about 12 years and they haven't been making any more land either. I don't know why realtors like to use the "ain't making any more land" sales pitch. In Boston, the entire upscale neighborhood called Back Bay was built on top of a land fill. Now, as the tunnels through the downtown area is nearing completion, the original surface road is going to be turn into a park and residential area. And every day, developers are turning old school buildings, factories, churches etc into residential buildings. Did anyone know that Australia, a country roughly the same size of continental US but with only 1/10th of the population, is also experiencing unbelievable real estate price appreciation? I hope realtors there won't use the same "ain't making any more land" excuse!