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

To: Drygulch Dan who wrote (97901)12/20/2007 9:31:35 AM
From: Liberty EagleRead Replies (2) | Respond to of 306849
 
30 years ago coffee was .20 cents a cup now it's 2.00, up an astonishing 1000%.
Subtract out the taxes and maintenance over a 30 year period on that 800,000 villa and you would have been better off buying a coffee shrub.

“Some experts fear the price of a cup of coffee in New York could double to 50¢.”

time.com

The price of RE has always and will forever keep pace with the rate of inflation and wages at the mean. You make your fortune buying below the mean and selling when it’s above, it’s that simple.

John



To: Drygulch Dan who wrote (97901)12/20/2007 11:25:44 AM
From: John VosillaRespond to of 306849
 
Dan if those shacks sell for more than 15-17 times annual rent they were way overpriced even if they had that special location.. Do you think working class folks in LA make that much more than folks in Rochester to support the huge disparity? How can this debt slavery for the working class in today's coastal bubble markets be good in the long run for anyone involved besides an older person cashing in their chips and leaving 'paradise'?


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