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

To: Mike Johnston who wrote (24357)	10/14/2004 11:17:56 PM
From: X Y Zebra	Read Replies (1) \| Respond to of 306849

I thought economics 101 covered the equilibrium of prices based on the supply demand relationship to a specific item (goods & services)... if so... land (the raw material of any real estate product, along with other commodities) has a relative 'fixed supply' and will influence price in the face of a constantly growing population... <not to mention that frenzied behavior [which btw, economics 101 dismisses as 'not relevant'] would influence prices> so... how does productivity reflect on less expensive home prices when land cannot increase its supply...? of course one can say... ah we will live like New York sardines in apartment houses smallers than shoe boxes... or Tokyo sausages in even smaller quarters.... financial engineering may be capable of achieving greater prices for basic shelter, particularly when the winds of overpopulation are inevitable... regardless of what perceived common sense may indicate... and most certainly economists are NOT known for their 'common sense' LOL ! I say... buy coastal land in Costa Rica and Ecuador... watch them go higher in spite of all the bs about a world wide real estate crash already 3 years old ... 'overdue'