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: Tradelite who wrote (49588)	3/6/2006 12:29:46 PM
From: John Vosilla	Respond to of 306849

Didn't construction costs triple during that decade? That is wind at the back of RE. But coastal market land values were very reasonable I bet. This time out construction costs up 30% just since last year but land values are out of site in the bubble markets. I see a future of land values plummeting and costs of construction powering relentlessly higher. Still look at stuff at amazement selling at way below replacement costs in markets that didn't go through this price bubble like the coastal markets. I mean $40-50psf for almost new homes in certain markets with strong local economies the builders can't even build right now for $65 psf even if they got the land for free. I'm short builders in a big way now.