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  • No Real Estate Bubble in Central U.S. [View article]
    Two observations:

    1) (From Wiki) The top nine states in population contain slightly more than half of the total population. The twenty-five lowest-population states contain less than one-sixth of the total population.

    2) Location is value, mostly because of climate (expense of heating in the winter and cooling during the summer) which provides easy, comfortable living, combined with beautiful recreation areas, etc.

    When you think of the "rest" of the country, you have to think of the number of people living in these locations and the desirability (and cost) of living there.

    For instance, I have nothing against Eau Claire, Wisconsin or Lubbock, Texas, but they are not easy places to live in most of the year. Most Americans prefer to live in more salubrious places and are (were?) willing to pay astronomical prices for the for the privilege.

    You need to factor those into your equation.
    Nov 30 12:13 pm |Rating: 0 0
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