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

To: Lizzie Tudor who wrote (18260)	3/7/2004 3:50:39 PM
From: bozwood	Respond to of 306849

I am speaking of corporations in general and the companies that make up the majority of corporate profits. To your other point, I think homebuilding has had pricing power for a while, but that may be coming to an end.

To: Lizzie Tudor who wrote (18260)	3/7/2004 8:19:49 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<I keep reading there is pricing power in real estate but it contradicts my experience.>> In all the time that I've spent reading this thread, your type of misperception has seemed to be the rule, and at the same time seems to create a circular kind of discussion of why real estate has gone up in price. It's important to remember that MOST Americans in this country are employed, and MANY of these Americans have enough money, (and some of those Americans have LOTS of money) to buy homes. The majority rules, most of the time, and the majority of buyers in the real estate market set the prices, each and every time, no matter what geographic location is in question and no matter what else is going on out there in the world. I still marvel at the number of hours I used to spend trying to discuss this very simple concept of supply/demand with people who refused to believe it--whether my audience was buyers during a sellers' market or sellers during a buyers' market.