Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: KM who wrote (45585)	12/10/2005 12:02:03 AM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

"They can buy all the exurban crap they want. It won't appreciate because they keep building more and more and more." I think short term 5-10 years they make out on the increase in construction costs. Longer term 15-20 years they'll get both construction and skyrocketing land costs along with a currency that's depreciated today's dollars by 50-75%. If our government desires to have this country grow out of the hole it is in where do you think the greatest growth will be next cycle? Certainly not in the land constrained, way overpriced bubble markets and probably not in the depressed and cold rust belt.. You think the youth of today coming of age will live there whole life in debt slavery either commuting 2 hours, living in a tiny condo or shack close in to town in a bubble market or put up with that crappy long winter weather in the northeast? You think retiring boomers will put up with all the crap that is making Florida now an overpriced living hell for many fulltime seniors?