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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Tue, 01 Mar 2005 07:19:51 +0000
/ Author of the message: Stormlx |
Title of the message: |
WP/Kinsley: Bye-Bye, Housing Boom
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Text of the message: |
Bye-Bye, Housing Boom By Michael Kinsley Washington Post Sunday, February 27, 2005; Page B07 Pop! That is the sound of the real estate bubble bursting. And it's a good thing. It is obvious to me that today's real estate prices are a speculative bubble that is bound to burst. Of course, this has been obvious to me for about three decades and wrong almost all of that time. Nevertheless. One piece of evidence is the Dinner Party Index. The boom is over when more people are bored by real estate anecdotes ("My next-door neighbor got three times her asking price before she even put it on the market, from a professional mind reader who divined that she was thinking about selling. . . .") than have new ones. Another reason the value of your house is about to plunge is that the Los Angeles Times, the New York Times and The Washington Post all say that it isn't. A recent L.A. Times article reported that the median price of a local |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.