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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Moominoid who wrote (62700)	4/25/2005 1:47:04 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 74559

Follow the money. Or in this case income. Income determines home price. Homes in small towns in Europe do often tend to be higher higher priced than in the US. There is a deliberate policy to place agricultural preserves around each town. Towns cannot sprawl out into each other replacing farmland. But what is the commute time from that small town to their place of employment? Transportation is better and more convenient in Europe. angelfire.com Look at this map of the S-Bahn / U-Bahn system in Munich. Let's say I can get from my job in downtown Munich to my home in a small picturesque village via the S-Bahn in 15 minutes and then walk or take the bus home in another 20 minutes, for a total of 35 minutes. Since people in Munich earn what people in New York or Los Angeles earn, why shouldn't that home in the small village cost as much as a home with a 35 minute commute does in New York or Los Angeles. To get to a small scenic village in Southern California from the Los Angeles city center would take me almost two hours of driving, with no alternate transportation possible other than a cab. Are you really surprised that the homes in the small European village are more expensive? Newer built areas in Australia, like North Perth, copy the isolated suburb sprawl of America. At least they built it with a fast rail system down the center of the freeway. But bad planning can be worse than no planning. Irvine is a community which was master-planned before the first building was built to be a soul-less, dead, suburb where one rarely sees other humans who are not in their cars. There are empty, unused, greenbelts between seas of condominium complexes where no one knows their neighbors. People who live in the single-family areas might know a couple of neighbors, but not more. It's the ideal community where people leave the underground parking in their "office park" and enter their automatic garage door home, and turn on the big screen television. The antithesis of life. .