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: Les H who wrote (15277)	11/29/2003 11:48:26 AM
From: marginmike	Read Replies (2) \| Respond to of 306849

Lower rents are the cracks in the Real estate market. Nobody is noticing but the real estate market is only healthy in the lower end say below 600-700k where the rent/purchase equation is strong. In the 1.5 and above market the market has allready wined down. Yet the press would have you believe the market is BOOMING EVERYWHERE. anecdotaly there was a list of the hottest markets in the USa on aol this AM in a blurb. They are all the absolute ticiary areas, IE Atlantic city NJ for instence etc. As a friend points out those who can afford it least are always the people who buy at the TOP. I really think we are on fumes in the housing market now, and things will turn down next year.Of course Ive been saying that for two years......sigh