|FYI: "Is Real Estate Market In a Bubble?" Is there still opportunities for people forming intentional communities before the burst?||<– Date –> <– Thread –>|
|From: Asynaps (asynapsyahoo.com)|
|Date: Mon, 10 Nov 2003 16:24:09 -0700 (MST)|
According to a Report by the Center For Economic And Policy Research titled "Homeownership in a Bubble: The Fast Path to Poverty?" (date August 13, 2003), they suggest that some prospective buyer may be better off financially to forgo buying till the market has reversed to a more sustainable level. I encourage you to read the details of the report at: http://www.cepr.net/homeownership_in_a_bubble.htm This report has many details, including data, diagrams, and graphs with many references to support their claims. It appears that this report brings insight into some details that your real estate agent may not know of or be willing to disclose. And If you are a first time buyer and in the mid to low income range, you may be the hardest hurt financially in the one of those markets that has seen a 30 plus percentage increase in the last year, you may be most at risk of losing hard earned money. I did see one sector that may be of interest to intentional communities prospects that may provide sound investment in this current real estate market. I will share more later. Best Regards, Michael Santa Monica/Westside Cohousing community forming. to join, send email to: asynaps [at] yahoo.com and put "Santa Monica/Westside Cohousing community forming" in Suject line. Other resources in Santa Monica/Westside: Renters Alliance in Santa Monica http://www.geocities.com/rentersalliancesantamonica Empowering Renters in Santa Monica and the Westside To subscribe to this email discussion announcement list send blank email to: rentersalliancesantamonica-subscribe [at] yahoogroups.com _______________________________________________ Cohousing-L mailing list Cohousing-L [at] cohousing.org Unsubscribe and other info: http://www.cohousing.org/cohousing-L
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