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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (2149)	3/15/2004 9:34:40 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 116555

Here in the North Seattle area, I see a lot of building over in Bothell--where a lot of soggy areas, hillsides, and old pastures are finally being developed. My neighborhood is pretty full, although you still see a dozen going in here, a dozen houses there, the last few acres are finally filled up. Part of this is the growth managment act, development is favored closer in to the city. Reduces sprawl and drives up values near the city. fwiw, I edited my message since you posted, help me figure out why people are so comfortable borrowing. Actually, now that I think about it, in the wake of the market correction, lots of folks started thinking about RE as a haven, and the low rates sealed the deal. I've never been too hot for RE, you have to pay the damn taxes every year. That's no fun. But I'd have done really well to buy a building lot, say, seven years ago. I'd have doubled my money. Well, glad I played the stock market instead, did better. <g>