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

To: Elroy Jetson who wrote (21462)6/9/2004 3:47:39 PM
From: Lizzie TudorRead Replies (1) | Respond to of 306849
 
LOL!

That income gap is more severe than it seems at least in the north part of the state, because the real income and housing price driver was the stock market and stock options. We haven't had a really good market in months and of course widespread stock options are going away.

I can't remember the last time anybody bought a house around here with no stock equity or prior home equity. Salaries just don't cut it.



To: Elroy Jetson who wrote (21462)6/10/2004 9:49:50 AM
From: Amy JRead Replies (2) | Respond to of 306849
 
Elroy, RE: "You'll be pleased to learn that the California Association of Realtors has determined there is not a real estate bubble. . . The actual problem is an "Income Gap"."

Unreal.

RE: "The Homebuyer Income Gap Index™ for California increased 45 percent during the first quarter"

If that's not a bubble...

Regards,
Amy J


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