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

To: mishedlo who wrote (44092)	11/4/2005 1:21:40 PM
From: bentway	Read Replies (4) \| Respond to of 306849

You could be right, time will tell - it's not a bet I've made. I know a few people that willingly pay very high premiums to live in San Francisco and Manhattan.

To: mishedlo who wrote (44092)	11/7/2005 8:26:03 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

re: <<You are repeating a widely held belief of "scarcity" that has been discredited time and time again >> How has it been discredited, and where and when? There is such a thing as pricing something too high, to the point where it won't sell, but there isn't any such thing in real estate, in my experience, where the "right price"--meaning a competitive price-- wouldn't sell something, almost immediately. If something is plentiful and easily duplicated and readily available, it might never sell, even at a competitive price. Real estate in certain areas is not plentiful, is never possible to duplicate, and doesn't clone itself in unlimited quantities. Successful real estate investors learn this lesson early. The disgruntled non-owners just gripe about it and claim the problem doesn't exist and keep wondering why they don't make money in real estate. <<gg>>