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


To: GraceZ who wrote (6125)5/11/2004 11:53:48 AM
From: Elroy Jetson  Read Replies (3) | Respond to of 116555
 
At this point in the cycle a low "land to building value" ratio is a pretty sure sign that there's not much development going on where you live.

You know how perverse people are. No one want to live where things are affordable. But a million dollar postage stamp sized lot really get's the public's desire going.

Economists call it a Giffen Good. Those items where demand increases with price, at least over a relevent range.

en.wikipedia.org