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

To: Jim McMannis who wrote (22649)	8/1/2004 12:45:24 AM
From: X Y Zebra	Read Replies (1) \| Respond to of 306849

So what are you predicting? A continuation of this parabolic rise in housing prices ad infinitum? who said I was predicting? by reference to the articles I posted, (influenced by my own experiences), I am suggesting that commercial/industrial real estate seems to be steady for now, attempting to supply a tepid demand in certain fields (office - retail) and a slightly stronger in the industrial side. This is in direct contrast to what most posters here seem to be saying that we are at the verge of a precipice... I am saying to stop using stock market experiences in an attempt to predict the next fall of the real estate market... if it is such a no brainer... why am I reading all these references to the stock market? I have no idea of the Japanese market... but I believe the demographics in Japan and the USA are very different... for one, the Japanese do not have the Chinese, Koreans, et all... crossing their borders, indeed as an island, they are very capable of isolating themselves, which in itself could be a cause of their demise, particularly after they went ballistic a few years earlier... (i.e. no more fools left to hand the bag to). it seems to me it is a NO BRAINER to attempt to compare the Japanese RE market with that of the USA as much as comparing what is happening between Kansas and San Diego... I would say totally moronic... but hey, it is a free country... please indulge... -ggg Would it be feasible that what you call parabolic rise in prices, (and I am not saying that it is not so) is perhaps the result of demand for housing, mostly in the lower end of the range that no one had considered ? obviously helped by the low interest rates... what about the cost of materials ? steel, copper, and lumber for example how do they affect the equation? remembering that demand OUTSIDE of the US is affecting these prices... read this... msnbc.msn.com it will be interesting to see what effect this has on someone wanting to finish a building ... buy it today for price of 500 K... or buy it tomorrow for price 500 K plus X... and worst of all this... what influences these raw materials has NOTHING to do with the USA jobs or no jobs... outsourcing or not... or read this... see if that has also an effect on prices... msnbc.msn.com Welcome to the new world of business under globalization where the haves can play and the have nots, well... they don't I have no idea of the residential market but here.... U B D Judge.... take your pick... measure the ON GOING markets, without predictions... look it up by state and even by city realtytimes.com p.s. you seem exasperated by the rise in the value of homes... did you buy recently... you can start looking here.... loopnet.com OINK SNORT SNORT