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

To: neolib who wrote (99188)	1/6/2008 8:31:03 PM
From: Elroy Jetson	Read Replies (3) \| Respond to of 306849

Tell me the total income and wealth within a twenty-five mile radius of your two chosen locations. Then you can get a glimpse of how real estate prices are affected by income and wealth. After that, we can discuss your theory that the population of humans, cats or vermin affect land prices. Like you, Harry Dent believes that demographics trump economics. That's why the Dow 30 Index is currently 36,000 just as he predicted. As long as you promise to believe him, he'll likely promise to believe you. Tripling Australia's population over a five year population, post 1945, increased Australian home prices roughly 20%. Not surprisingly, this was roughly equal to the increase in Australian national income over this period of time. Most of the new immigrants lived in tents for many years. Sure they would have liked to buy a home or rent an apartment, but that takes money - something they didn't have enough of. You could have created a linkage between population and real estate prices if you could have convinced Australians to create a massive welfare program. Perhaps that's what you had in mind. .