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 dropped more than 80% > since 1988 -- from $37.5 million to $7 million. > > It is important to distinguish between investment real estate and > single family homes.
Yes, but your original post today didn't. You wrote: >Adjusted for inflation, house prices are the same as they were seventeen years ago. As I noted before, (with sourcing) housing investments - ownership and absentee - are beating inflation roughly 2.5 to 1 since 1986. So your claim is just flat wrong. Again, you and the author might be right about the implications of a housing bubble, but the data you tossed out is "fuzzy math." Throwing City Center in there (commercial retail) is a different topic entirely. Commercial real estate is much more cyclical, always has been. David Brauer King Field Had the Coen Brothers' dad for economics at the U TEMPORARY REMINDER: 1. Don't feed the troll! Ignore obvious flame-bait. 2. If you don't like what's being discussed here, don't complain - change the subject (Mpls-specific, of course.) ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Unsubscribe, Digest, and more: http://e-democracy.org/mpls
