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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (266773)	1/2/2006 12:53:32 PM
From: tejek	Respond to of 1575980

In Flatland, there's plenty of room to build houses, so house prices mainly reflect the cost of construction. As a result, Flatland is pretty much immune to housing bubbles. And in Flatland, houses have, if anything, become easier to afford since 2000 because of falling interest rates. Good article. Its also interesting to note that there can be variations in Flatland metro areas. For an example in Mpls., Chicago, and Madison, the median is well over $200K whereas in places like Dallas and Houston in TX which are growing much faster the median is around $160K. Why? The northern cities are much more environmentally conscious and have all kinds of restrictions on where houses can be built. The same phenomenon can be seen in Austin which is the only TX metro area that has a median over $200K. All these variations mean its very hard to discuss a national housing market, and in turn, whether there is a national bubble or not. But, of course, that won't stop McMannis. ted