16 replies to this topic

[Cirrus]

I agree semibizz...the problem is there are some markets that are limited by supply. In some urban metro areas it's the building and permitting process takes for ever and thus supply is not near as responsive to demand as it should be.

[SemiBizz]

I agree semibizz...the problem is there are some markets that are limited by supply. In some urban metro areas it's the building and permitting process takes for ever and thus supply is not near as responsive to demand as it should be.

When I say restrictive, get a load of this. I had another friend who got red-tagged for a simple little job like installing a skylight. GOOD GRIEF! This is like the construction gestapo. and of course the tax implications for putting in a skylight exceeds the cost of it, including installation - because any time you do any kind of permitted construction, you are going to be reassessed.

Edited by SemiBizz, 21 May 2007 - 11:54 AM.

[Data]

That's not a restriction but a revaluation. My brother recently completed a teardown af his house and the city's reassessment of his improvements caused his assessment to rise by 500K.

[TechSkeptic]

Just spoke with a friend here who put his home on the market last week. Has 3 offers already around $1.7M. I took a hard look at the US$ Index chart this weekend. All that's happened there is a lower high so far. Fundamentally, either the commodity prices are either going to come down or we're going to have huge asset and equity inflation including R.E..

This is right on. Only low end is affected by subprime issues. Investing in hard assets is how the rich stay richer in times of inflation and currency debasement.

[GOOSE2]

The guy that lives next to my ex-wife sold his home "buy owner" in 2 weeks. He had 3 different people interested and sold it for 12k more than he was asking. HA. This is in Atlanta. No slump here. Its in a small subdivison about 60 homes, that sale is the highest any home has ever gone for in the subdivison, ever.

[OEXCHAOS]

I guess all real estate, like politics, is local! M

[chris]

Futures Charts of Various Cities + General Real Estate Charts