It is heartening to see more listmembers paying attention to economic
conditions:
[Mork] Then the article in the Homes section said low interest
rates were reducing the potential market of renters at the same
time as 1,600 new apartments were coming on line (no building?)
[Heller] Remember that
Vickie Heller writes:
[Heller] Not really. Adjusted for inflation, house prices are the
same as they were seventeen years ago. A book was just published,
The Coming Crash in the Housing Market by John Talbot - check it out
at Amazon.com.
Well, good luck to Mr. Talbot. His reasoning
Victoria Heller writes:
[Mork] But if a person owns a house and can hold ONTO it, suddenly
it
appreciates like nobody's business.
[Heller] Not really. Adjusted for inflation, house prices are the
same as they were seventeen years ago. A book was just published,
The Coming Crash in the
Rick Mons inquires:
I'm not sure where you -- or the author you quote -- are getting your
data.
Vicky replies:
I was quoting the book author, John Talbot, who was interviewed on
CNBC last week. I am sure that he was using national data, but I do
not know his source. In many markets, real
Vicky writes:
I was quoting the book author, John Talbot, who was interviewed on
CNBC last week. I am sure that he was using national data, but I do
not know his source. In many markets, real estate prices have already
dropped significantly.
In Minneapolis for example, City Center's value
