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

To: Think4Yourself who wrote (39047)8/25/2005 6:03:45 PM
From: Elroy JetsonRespond to of 306849
 
New construction approval are governments wanting additional tax base. Many cities have done the developments themselves, and sold off the finished project, to make sure the project gets done.

But little of this construction would be possible without the "Mother's milk" of loose lending standards. People talk about low interest rates - but willingness to lend without normal amounts of collateral and financial history are what makes the construction cycle happen.
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