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

To: patron_anejo_por_favor who wrote (34586)	6/28/2005 10:49:51 PM
From: John Vosilla	Respond to of 306849

Everyone's talking about the incipient bubble in housing and real estate like it's a bad thing. But throughout history, investment bubbles of all kinds—from railroads to the telegraph to fiber-optic cable—have had ultimately positive effects for the economy. Sure, portfolios stocked with Cisco purchased at its 2000 high are smarting. But the prices of Web hosting and long-distance phone service have fallen sharply as a result of the overinvestment in fiber-optic cable. Depending on where and when it comes, excessive investment in a particular sector can have some salutary long-term effects—and produce lots of collateral economic activity He's right. What other way can we have a lot of nice newer affordable housing out there for the working stiff to rent when it all collapses. Also a ton of work and opportunities for a whole different set of characters<g>