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

To: John Vosilla who wrote (41177)9/9/2005 11:18:54 PM
From: SouthFloridaGuyRead Replies (1) | Respond to of 306849
 
I think what puts a floor on LI prices is that quite simply, they are not as over-valued as other markets. Rents are VERY high here as are incomes, whereas in places like FL and CA they are not.

If there is a recession on the horizon (I believe a consumer recession is coming w/in 12 months), then lower interest rates will stimulate fairly priced or even slighly overpriced areas and allow those who bought high to refinace.

It is what it is.


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