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

To: Amy J who wrote (27718)	3/3/2005 12:14:45 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 306849

Amy if you refer to the contents of my post ... first I also posted this >>> It is tricky market but best is to form a JV with some one already in the market. Need substantial equity in low 7 figures to make sense. <<< secondly contrary to let say UK or US etc. the wages and productivity are rising in real terms and as such the rise in RE valuation are justified in many cases. Aside from that in FX terms the prices were extremely due to the low income if translated in EUR or USD. Many of those countries have a GDP that is double or tripple of the Western countries and most homes were overcrowded - e.g many couples living with their parents or other relatives - so the demand in many places is real and not for speculation