GoFuckYourself.com - Adult Webmaster Forum - View Single Post - Real Estate Bubble -- Fact or Fiction

UncleJimmy · 01-27-2003, 04:18 PM

Quote:

Originally posted by G Sharp
Interesting observations UncleJimmy .

To illustrate your point.... in ECHO PARK [district in Los Angeles], which has a high level of gang violence, car theft, and personal assaults, went up more than 60% in value from 1998.

Now the hard question: is this due mostly to tight supply and increasing demand by rising immigration? speculation?

Good question that I don't have any accurate answers to. I know that area, I grew up in the SF Valley ;)

Got family still in the Sherman Oaks area... Crazy prices there too.

I view a lot of this bubble jumping as a result of the market (stock) dump....people are worried, uncertain, have no faith in big companies, etc...so they are reaching for what they appear the 'solid' deal to be...

When you multiply that sentiment times a few 100k people (investors) that adds up to bubble

and from my understanding a 'good' percentage of market fluctuations are based on psychology, not always raw data... If that was the case then everyone would only need to look at raw data and charts and make 'bazillions' on the floor

;)

However, I do agree that certain states and regions have a growth rate and appeal like no others... and these will always be sound long term investments...

I wish my grandmother's father had kept that LIL ol 2 story house on Hollywood & Vine that they lived in back in the 20s

Or my other grandmother's house in Century City....wow, I'd be retired right about now off the proceeds from those 2 sales....

*/me staring off into the distance, wondering what if* HAHA

ok, back to work I go