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All I can say is WHY? There is a current gut of properties available so adding more makes perfect sense. Also according to most ski magazines the number of people interested in skiing/snowboarding has declined over 20% in the last 10 years. This would say that building more will just add to the housing problem. If one does not enjoy winter why buy a mountain house?
These stats are just stats but correlation is not relevant.How much new construction is coming on,how many short sales still available,how much inventory do banks still have on the books and how many foreclosures are still out there.These are the real issues for real estate.Also, Borrowing costs do play a role at some point.Remember all the all cash buyers will cash out at some point adding inventory.All cash buyer is not necessarily a cash buyer if the money was borrowed from a stock account.At some point the property will come back to the market.Also,interest rates compete with real estate appreciation as most buyers base there buying decision on the monthly payment.If rates increase that means the property can not because its all about the monthly payment.Good luck getting rid of all the over built property.Has anyone seen what Detroit is doing and according to a number of Wall Street bankers there are more cities on the verge of bankruptcy.
If anyone thinks this is a valid study then please pass the medical marijuana my way.What a fool hardy attempt at statistics.
i bet the original buyers are not actually going to closing but are praying to flip this project prior to completion.presales in a build out mean nothing,closings is where one gets the cash!get real people steamboat is overvalued period and way over built.i'll be in the market at 30 cents on the dollar soon enough.keep building or should i say digging!!!!
steamboat look at nv,ca,and fl to get an idea of where real estate prices are headed.believing a real estate agent on home prices is akin to the fox guarding the hen house. good luck to all!
all asset classes are in a decline so cash is king and the only thing one accomplishes with this method of investing is that you will loose money in all classes. good news is your financial planner gets paid more,have a good day
before you hang this person lets atleast get all the facts
steamboat has more police then people.the last i checked,crime in this sleepy town is one capital murder in 10 years.why do you worry so much.get real and look at the real world.
Last login: Wednesday, February 18, 2015
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