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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 (25371)	11/23/2004 11:58:40 AM
From: Skywatcher	Respond to of 306849

Plus with high housing prices in Sydney that rival SoCal..it's amazing to me that they are able to pay the mortgages with NO tax deduction for interest.... CC

To: Elroy Jetson who wrote (25371)	11/23/2004 11:20:33 PM
From: David Jones	Read Replies (2) \| Respond to of 306849

>>>>>>countrywide figures aren't really comparable because the real estate index for the nation is much more heavily weighted toward urbanized areas<<<<<< Your just saying if there's a bubble it's regional. I don't believe the midwest was eliminated form the U.S numbers. All numbers given I suspect are an aggregate for each nation. As so I maintain we USA are pikers in comparison. Say Australia, England or what have ya, have far fewer homes to offset or weigh to the downside those that didn't see price inflation. What's that say about their economic health in regards to homes when speaking of appreciation as an average? Seems that a depreciation of home value for them would be a far greater problem sense it would affect a larger pool of owners.