[FoRK] Does this real estate boom remind you of the dot-com boom?
Strata R. Chalup
strata at virtual.net
Thu May 19 16:29:45 PDT 2005
(sound of the Other Clue Dropping)
Right. The stock market is 'unreliable'. What's reliable? Real estate! Since
'they're not making any more of that'. But what if you can't invest in real
estate because you don't have Thank Kind of Money? REITs!
In 20-20 hindsight, a real estate bubble was *inevitable* once the top 30% or so
of the general public lost confidence in the stock market. They aren't
interested in the lower returns/lower risk of things like insured mutual funds
or Treasury securities, so they turn to real estate.
Hadn't seen it in those terms until seeing Lucas' followup to Matt's post.
Lucas Gonze wrote:
> On Tue, 17 May 2005, Matt Jensen wrote:
>> On Sunday the Seattle Times' Real Estate section quoted a few sources who
>> claimed that Seattle's market won't burst because Seattle just plain
>> underpriced. It's a desirable location, and growth management limits new
>> construction (it is claimed).
> Here in Honolulu, the paper has been running a series on the real estate
> bubble. Prices have reached the level where something has to give,
> otherwise people will have to move away.
> - Lucas
> FoRK mailing list
Strata Rose Chalup [KF6NBZ] strata "@" virtual.net
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