My brother -- who is a real estate agent and was a high school buddy and
water polo team mate of N.J. Republican senate candidate Doug Forrester --
says the most bubblicious part of the market is duplex to fourplex, which in
Sacto are selling for as much as 300 times monthly net income. The
oh ye conservative Americans! 100 times monthly rent would be a rental
yield of 12%, wouldn't it? Mug punters in London are still stepping up to
the plate to buy investment properties at yields of 5-6%!
dd
As if refuting the bubble once and for all was not enough, the bumf goes on
to put
What did Cockburn's father say? Don't believe anything until it is officially
denied.
--
Michael Perelman
Economics Department
California State University
[EMAIL PROTECTED]
Chico, CA 95929
530-898-5321
fax 530-898-5901
