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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 (21987)7/6/2004 5:30:01 PM
From: RutgersRead Replies (2) | Respond to of 306849
 
Actually, the answer is even simpler...

<<The answer is as simple as "location relative to where buyers with money want to buy". >>

The simplest answer I can come up with is pure "supply and demand".

Putting that aside, my response was addressed to the comparison between LA (the city known for high crime, smog, horrendous traffic and any number of undesirable factors) and NYC (the greatest city in the world).



To: Elroy Jetson who wrote (21987)7/6/2004 9:01:06 PM
From: SouthFloridaGuyRead Replies (2) | Respond to of 306849
 
I would think NYC costs alot because people just make a helluva lot more, leave aside the "official" stats. A $500k Investment Banker is a dime a dozen here. I haven't included Madison Ave., the artists, or foreigners.


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