Doomers like to point to areas where large housing projects have been undertaken by greedy builders. Las Vegas, Phoenix, Florida and parts of central California come to mind.
But this is certainly not the case in most US markets.
Answers to the housing doomers' conspiracy theories.
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2008
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- Rents are rising in the San Francisco Bay Area
- State of the market in Capitola, CA
- Is worst over soon in San Diego?
- Overbuilding
- Speculators drove up prices
- Shortage of first-time buyers
- Interest rates increasing
- Foreclosures ruin property values
- Salaries vs house prices and inflation
- Rent vs Own
- Answers to the housing doomers
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April
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1 comment:
In current scenario, these overbuilding areas are almost empty. These building got no tenants and no offices are there. This is what recession has resulted in.
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