How much more will it go?
Will it pop - and where will you be? REady to jump in - or jumping
over?
Is an Ofront condo in Long Branch worth $2.2m? West End house $5.5m?
Could you live 2 rows back in L Branch for 900k? Why not then AP?
How cautious are the banks? Are banks adjusting the appraised
amounts down - thus requiring the buyer to cough up more for a down
payment?
Are investors the primary home buyers - buying for appreciation, not
cash flow? How many interest only loans are being used for the
aquistions?
Whose buying - the investor - driving up prices - blocking out first
time buyers (owner occupants - maybe even WITH KIDS). Are we
creating a new class - middle income - renters? Self
considered "homeless" because they can't afford to own a home and
are the mercy of a landlord?
Would you buy (or advise) someone to buy in this market - as a fist
home, 2nd home or as an investment? What is you logic?
There's a billion articles on all these topics. I'm in the process
of writing one myself. Just to add more junk to the 'net.
Time for our experts to jump in....
Yahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups.yahoo.com/group/AsburyPark/
<*> To unsubscribe from this group, send an email to:
[EMAIL PROTECTED]
<*> Your use of Yahoo! Groups is subject to:
http://docs.yahoo.com/info/terms/
