From: ron@shell.core.com (Ron Peterson)
Newsgroups: misc.invest.real-estate
Subject: Re: will the bubble burst?
Date: 20 Nov 2003 11:32:06 -0800

"Eugene A"  wrote in message news:<59da9a27843b50255b5cc70faa6d2823@news.teranews.com>...
 
> From the looks of things no. Where I live - in Brooklyn - there were two
> open houses in my neighborhood. Both attached. One not far from a gas
> station, car wash, and the windows overlooking a parking lot of a hardware
> store. You would not believe the number of people that came to see both
> houses. When I look at what is happening to the NYC real estate, I start to
> think that the prices will never go down. The demand in this market is
> enormous.

> People keep saying that the market will go down. But from here it looks like
> it never will.

Housing prices can go down regionally if there is growing unemployment.

Taxes can also affect the price of homes.

Higher interest rates will make older homes more attractive in terms of price.

-- 
   Ron