exactly the problem in california .... it takes an annual household inome of about 300K to live comfortably anywhere along the coasts and hence, any business with a non-executive employee base is needing to locate inland - inland empire. ....Better locations and environments can be had out of state .....
Housing Rolling Along 2
- Thread starter Covertibility
- Start date
exactly the problem in california .... it takes an annual household inome of about 300K to live comfortably anywhere along the coasts and hence, any business with a non-executive employee base is needing to locate inland - inland empire. ....Better locations and environments can be had out of state .....
When CNBC's Ron Insana asked if both owned/rented homes and whether they would sell, Shiller owns two along with REITS and Lereah said he was invested and wouldn't sell.
Shiller is the guy all the bears were citing about the real estate market being out of wack. The guru of the bears is long two houses and reits.
That makes me laugh.
Shiller is the guy all the bears were citing about the real estate market being out of wack. The guru of the bears is long two houses and reits.
That makes me laugh.
Existing home sales dip to 7.16 million
Sales rate still robust at third highest ever
"We see a rolling boom moving from one metro area to another over time, as well as a spillover effect into nearby areas with lower home prices," Lereah said. "This is spreading the wealth of housing returns."
---------
This is what David A. Lereah was talking about when he was on CNBC with Robert Shiller. I wonder why Mr. Shiller isn't a seller of at least one his homes if he sees a bubble?
Sales rate still robust at third highest ever
"We see a rolling boom moving from one metro area to another over time, as well as a spillover effect into nearby areas with lower home prices," Lereah said. "This is spreading the wealth of housing returns."
---------
This is what David A. Lereah was talking about when he was on CNBC with Robert Shiller. I wonder why Mr. Shiller isn't a seller of at least one his homes if he sees a bubble?
New-Home Sales Hit Record High in July
http://www.washingtonpost.com/wp-dyn/content/article/2005/08/24/AR2005082400437_pf.html
http://www.washingtonpost.com/wp-dyn/content/article/2005/08/24/AR2005082400437_pf.html
we said the stock market was a bubble at Dow 4500 or so, too.
http://www.usatoday.com/money/economy/housing/2005-08-24-new-home-sales_x.htm
"The inventory of homes available for sale at the end of July stood at a record 460,000, up 1.8% from June and 15% higher than a year ago, the report showed. At the current sales pace, the supply of homes represented 4 months' worth in July."
"The inventory of homes available for sale at the end of July stood at a record 460,000, up 1.8% from June and 15% higher than a year ago, the report showed. At the current sales pace, the supply of homes represented 4 months' worth in July."