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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 (45593)	12/10/2005 6:25:57 AM
From: KM	Read Replies (1) \| Respond to of 306849

<<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?>> 1. Yes, I think they'll live in debt slavery as evidenced by the stories I read about 27 year olds with 500K plus houses in the various bubble areas. It appears to be all they know having been raised by parents who live in debt slavery. It still blows me away though, as I'm quite a bit older than that and have still never owned a house worth over 250K (when I bought it). 2. I didn't know you could be a "full time senior" as opposed to a "part time senior?" LOL. Is there a drug we can get somewhere so we can be a senior only part time?

To: John Vosilla who wrote (45593)	12/11/2005 4:12:01 AM
From: Dale Baker	Respond to of 306849

I have relatives who bought in Fairview 15 years ago when it really was "country". Now the development will wreck the quality of life with more traffic and the usual hassles. The only upside will be short drives to major shopping, but those shorter drives will be much, much slower thanks to the traffic congestion. Did the house appreciate? Barely enough to match inflation, and certainly less when the cost of maintenance and taxes are included. KM is right - DFW is an endless exurban expanse with no limits to the number of houses that can be added to the supply. The Red River may slow them down temporarily, but not for long.