The housing price collapse

[LongIslandCitizen]

Originally Posted by YNOTNOW

I guess the real estate bubble has not affected GA, especially in your neck of the woods.

Is your 1996 model year trailer available?

Deliverance anyone?

[LongIslandCitizen]

Originally Posted by PotterGeek

LongIslandCitizen:


just move away from your corner of hell...

[Marka]

Please go back to discussing the topic of this thread. You're welcome to post in Other Topics to discuss each other. Thank you.

[Brandon26pdx]

Originally Posted by elflord1973

Anchorage AK doubled in price from 2000 to the peak of the bubble.

Gobal warming speculators? Deadliest Catch fans? I couldn't confess to understanding this one either.

[elflord1973]

Originally Posted by Brandon26pdx

Gobal warming speculators? Deadliest Catch fans? I couldn't confess to understanding this one either.

Then you need to go back and read my explanations on what drives appreciation in house prices. Hint: not the weather.

[Brandon26pdx]

Originally Posted by elflord1973

Then you need to go back and read my explanations on what drives appreciation in house prices. Hint: not the weather.

It's not *not* the weather either. I agree it's mostly economic forces that drive property values (or the price of anything for that matter.) However, consumer "taste" does account for a small portion of the pie of why the price of anything is what it is. (At least I remembered *something* from college economics) The weather/climate does have an influence on consumer taste in real estate...I can't see how anyone could seriously disagree with that...but I had not seen anyone make the point that actually both are relevant to RE prices.