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

To: raleighrealtor who wrote (46148)	12/27/2005 9:42:27 AM
From: KM	Read Replies (1) \| Respond to of 306849

My sister, who lives in a tiny town in Iowa, where the median income can't possibly exceed 20K, reports that houses in her town have gone from average 20-30K to over 100K this year. Who is buying or affording them, I have no idea.

To: raleighrealtor who wrote (46148)	12/27/2005 10:26:27 AM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

RE:"the faster the bubbles burst, the faster people will decide to move to Raleigh and other less costly towns." I thought "my" stocks would hold up after the bubble bust in 2000. After all, they weren't "the" bubble stocks. Hummmm...of course they didn't.

To: raleighrealtor who wrote (46148)	12/27/2005 10:34:54 AM
From: John Vosilla	Respond to of 306849

Welcome aboard. Look forward to your comments.. Expect many more refugees coming your way for a long time to come. Halfbacks from FL added to an acceleration of the trend already underway from the northeast<g>

To: raleighrealtor who wrote (46148)	12/27/2005 12:06:13 PM
From: mishedlo	Respond to of 306849

the faster the bubbles burst, the faster people will decide to move to Raleigh and other less costly towns. The faster the bubbles burst the SLOWER people will move. If California crashed to Danville Illinois prices tomorrow why would anyone leave. People will leave because other places are more affordable. As for bubbles, the entire state of California and Florida is in a bubble add in Boston, Las Vegas, Phoenix, Minneapolis, New York, and dozens of other large cities and it is silly to deny an national bubble. Mish

To: raleighrealtor who wrote (46148)	12/27/2005 12:33:32 PM
From: Live2Sail	Respond to of 306849

I know they're much smaller, but how are the other two points on the triangle, Durham and Chapel Hill, doing RE-wise? Compared to Raleigh? How are the locals taking this year's ACC expansion? L2S