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[Don Bowen <don.bowen AT earthlink.net>]

At 11/1/2006, you wrote:
> A good time to stay away from RE purchases unless we
> luck into a bargain or into the ideal place for us.

That depends entirely on your own circumstances and the local market.  I 
plan to be in the Ozarks next year buying some property unless there is a 
huge and totally unexpected market shift.



Don Bowen              Awl Knotted Up                       KI6DIU
http://www.braingarage.com
My travel journal
http://www.braingarage.com/Dons/Travels/journal/Journal.html

I am omnivagant.  
> From vdjor AT yahoo.com  Wed Nov  1 15:04:33 2006
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From: VAN DELL JORDAN <vdjor AT yahoo.com>
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Subject: Re: [Homestead] bubbles
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Gene, 
Another large group are the government bureaucrats who
either protect the citizens from unscrupulous
developers or who stymie the free market depending on
your point of view.
Interesting that you think AZ has more water than
needed.  Without being able to cite any particular
source, my take is that they are using water at a rate
that can't be continued and that even with water
treaties are using water that maybe should belong to
other states or to Mexico.
Van Dell 


--- Gene GeRue <genegerue AT ruralize.com> wrote:

> >As much as 30% of California's employment increase
> in the last few 
> >years was in housing, agents, brokers, carpenters,
> etc.  With the 
> >economy slowing in general the housing bust will
> only add to the problem.
>
> An even higher percentage of Arizona economy is tied
> to real estate. 
> It has been the largest economic factor for about 40
> years. Arizona 
> is number two in population increase after Nevada.
> Las Vegas has 
> posted phenomenal percentage gains, skewed because
> LV has a 
> relatively small population so a given number of
> people moving in 
> more strongly affect the percentage of gain. I wrote
> in my book about 
> how LV bought a large ranch north of town for its
> water 
> rights--without those rights, growth might be
> stymied.
>
> Most people are unaware of how many people make a
> living in real 
> estate. Here is a partial list of those involved in
> new home 
> production: appraisers, surveyors, developers,
> grading and digging 
> equipment operators, pipe manufacturers, road
> contractors, concrete 
> plant workers, utility company workers, builders,
> manufacturers of 
> cement, wood products, electrical, plumbing and
> roofing materials, 
> concrete contractors, framing carpenters, roofers,
> plumbers, 
> electricians, finish carpenters, manufacturers of
> doors and windows, 
> flooring products, paint, faux stone, brick, kitchen
> and bath and 
> lights and heating and cooling units, furniture
> manufacturers and 
> salespeople, insurance companies and agents, title
> companies and 
> escrow agents, mortgage companies and reps, real
> estate companies and 
> Realtors, moving companies, landscapers. And all
> those receptionists, 
> secretaries, bookkeepers and accountants that keep
> the various 
> offices functioning.
>
> Those involved in the resale market are fewer but
> still a very 
> substantial workforce.
>
> As long as people continue to flood into Arizona it
> will continue to 
> be a solid real estate investment market, both for
> homeowners and 
> investors. Until I lived there I thought it was a
> barren desert. Now 
> I know that it has more water than it needs. Because
> it is a desert 
> with minimal rainfall, Arizona has had water
> planning for decades and 
> it has paid off. 
>
>
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