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To: tejek who wrote (660)5/29/2012 8:11:04 PM
From: John Vosilla  Read Replies (1) | Respond to of 2722
 
Probably looking more at historic trends in the multiple of values to median incomes is a simple basic measure to ' value' and the bottoming process. Job creation over time will take care of the rest and move it up to the higher end of the range towards the end of the next cycle.. Also barriers to entry via replacement cost of new versus existing in any solid growing MSA. Of course in long term downward cycles like the rust belt cities this was meaningless.. At this point I don't even think about all the short term data points in my state fully aware another round of shadow inventory has to hit in coming years but supply/demand also tightened more rapidly than anyone thought three years ago in a sluggish economy..