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

To: neolib who wrote (99193)	1/6/2008 9:26:01 PM
From: Elroy Jetson	Respond to of 306849

You can bring in your one million new residents, without income or wealth, and I'll show you a million people living in tents - provided the welfare department has enough tents. The presence of the one million new residents may depress real estate prices in the area. After all, who wants to live next to a camp of homeless people. Real estate prices certainly won't rise. Yet if just one person with significant savings or income arrives, they can dramatically push up real estate prices. Follow the money. .