Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (21500)	1/18/2005 9:57:10 AM
From: lisalisalisa	Read Replies (2) \| Respond to of 116555

My complex I live in did the same thing last year here in Phoenix. THey still have enough rentals, but the price to rent our apartment is $1000 a month. If we were to buy it, our apartment base price is close to $320,000! To me conversions is akin to insider selling in the RE market. BTW, home prices in PHX have gone ballistic over the last 1-2 years to where in our area of north scottsdale it is just as expensive as the San Francisco bay area in far of median house prices. It was not that way just 4 years ago. However, rents are still very cheap in comparison.. hmmmm