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

To: ggersh who wrote (265482)	7/31/2010 9:42:25 PM
From: bentway	Read Replies (2) \| Respond to of 306849

"we are already almost back to the top prices and are in some cases" I can't think of anywhere this is true.

To: ggersh who wrote (265482)	8/1/2010 12:25:57 PM
From: koan	Read Replies (4) \| Respond to of 306849

<<"In a few years the housing prices will rise back up (we are already almost back to the top prices and are in some cases) and no one is worse for the wear. And it would save the middle class and the real estate and financial system and economy." What gives you that impression? Especially considering jobs aren't returning.>> Real simple, population increase and increased cost of building houses. Mostly from inmigration. Starting 40 years ago all of our population increase has been from folks south of the boarder (including central and south America, anyone who could get here) looking for a better life and moving here. This will continue and put pressure on the housing market. There is really no way to stop the inmigration of people as far as I can see. It is a politically intractable problem. Raygun just gave them amnesty (although that is considered heresy now that Obama is president-hypocrisy-typical hypocrisy); and Bush did nothing (cheap labor for his business buddies) and Obama can do nothing as minorities (and liberals)are his base. People need a place to live. Our housing market is tight as a tick and about to explode way past old highs. This is due to people moving here looking for work and higher construction costs. My kids just bought a house in Portland, Oregon and it took two years to find one (they got beat out of four others) and they didn't get much for $350,000. A 5,000 sq foot lot and modest house that needs major repairs and they bought it as is. Near 39th, taylor and Mt Tabor.