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

To: flint who wrote (25960)	12/14/2004 11:31:06 AM
From: BWAC	Respond to of 306849

<confusion of land cost to housing cost has cost many on this board their life savings.> Don't forget trendy location costs. Or did you have that factored into land. The house itself isn't costing a whole bunch more to build than 1 year, 5 years, or 10 years ago. Neither labor costs nor material cost have kept pace with the rise in housing prices. Land prices, or the strange need to buy 1/5th acre lots in trendy locations comprising 40% of the total home price, have skyrocketed.

To: flint who wrote (25960)	12/14/2004 11:37:37 AM
From: damainman	Read Replies (1) \| Respond to of 306849

"Your house cost is the insurance cost to replace it. Look at your policy. If you make $50k I doubt it is over $100k" is this the new math for the New Economy? I think I'll go out and try to buy a house somewhere without the land today. Brb