Excellent piece there man. I have had to explain this same concept to an alarming number of economically ignorant folks these past few months.Nw you've inspired me to write a post about this fun bubble in Phoenix.
Hi Chris. Thanks.I'd be interested to see a man on the scene report about Phoenix Real Estate. Phoenix, like Vegas, was a place where all they had to do was draw a grid out in the desert and let it rip. The only way it would end, it seems, is if people from the rust belt and New England stopped moving there.
Realtors had it right: location, location, location.[But I prefer the linguists: locution, locution, locution.]
Ruth Anne- They sure did. The shortage of desirable places to live is supercharging that turn of phrase.
The link formatting got screwed up: The Price of Dirt
I restore period houses in u.k. but have just with the help of family built a house in Utah and intend to in California so your article was informative and timely.After dealing with nothing built here post 1850 its takeing some time to reconcile myself to american building practise....very different and enjoyable.
Chris Byrne's excellent analysis of his Phoenix area real estate market is here:The Price Of Dirt
Great article Sip! So was Chris's analysis. (Hope you cashed that check @ PJ's bank before they published.)
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