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

To: gpowell who wrote (16122)	1/16/2004 2:59:38 PM
From: GraceZ	Respond to of 306849

We had some of the same kinds of shifts here in Maryland but coupled with a serious population shift out of one of two major cities into the surrounding suburbs. If someone looked at real estate throughout the state and tried to impose that trend on city real estate they were in for disappointment. If they tried to impose that trend on rural Western Maryland real estate they were also in for the same disappointment. For a while the rise in value of my ex-urban home exactly matched the decline in my 3 city investment properties. They are catching up now but I don't trust it (can you tell?) primarily because the reasons for the city's decline is still very much in place even while it goes through another "rennaisance". People don't want the older housing (with it's considerable depreciation expense) in areas where they don't feel comfortable sending their children to public schools and the tax situation is a wild card. Meanwhile, out here in the country, we're doing the same thing they did in CA in passing numerous laws trying to limit new growth. Good luck because this is where people want to live. Unless some of those fundamental problems are resolved in the city I see things diverging even more.