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

To: gpowell who wrote (16120)	1/16/2004 1:58:54 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

I've looked for this structural shift and continue to look for it. If you know where it is, I'd love to read your thoughts. Elroy here seems to think there was a structural shift when mortgage interest was made deductible. Japan 1980 had a lot of these arguments going right up to the point when all the real estate in Japan (a country one fifth the size of the US) had an estimated price level equal to the total value of all the assets, productive and otherwise, residing in the US.