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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (203437)	4/20/2007 12:27:19 AM
From: MJ	Respond to of 793868

There are many factors that go into why housing has increased over the years in resale value and the new ones in price. The main ones being demand, supply and location. Other factors include the industry that has developed around real estate. Realtors who take a 6% commission, lenders and banks, surveyors, appraisers----titling fees, land acquisition if the house isn't built, and population growth, and growth in jobs (that feeds into the demand) . And, this area is still behind California and New York City. Think we need Milton Freidman to explain all of this.