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Old Posted Jul 25, 2005, 1:27 AM
Agent Orange Agent Orange is offline
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Join Date: Sep 2004
Location: Denver, CO
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That's true, the condition of the real estate market is a regional/local thing, but I was just saying that the over-investment in real estate, which is helping in a big way to fuel the housing boom, is a national issue. So when the word gets out that the real estate market is going downhill, investors are going to sell their units, be they in Miami or Denver. I don't think, though, that Denver is over-building like Miami is (where well over 50% of condo buyers are investors). It seems that Denver's boom is being fed by real demand, so I'm sure this market will be fine. Plus, with the RTD expansion and an aging population, the city living movement isn't going to taper off. Oh and let's not forget peak oil
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