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

To: gpowell who wrote (46819)	1/9/2006 10:38:14 PM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

"Let’s also realize that land use restrictions impact the productivity of housing construction and thereby we should expect to see a divergence between income and house prices, whereby housing consumes an ever-growing percentage of disposable income" Nothing more than debt slavery for the masses in the early stages of their careers and a lottery ticket win for those cashing out.. In the end true value is based on cash flows the asset will generate. Tell me the average condo in Manhattan is worth $1.2M today because New Yorkers are more productive and capitalists and I'd believe it if market rent for those condos approached $8k/month. As best as I can tell rents are half that today. newyork.craigslist.org