Forbes: Austin to Lead Nation in Economic Growth

Courtesy AustinTowers Downtown Condo Blog  Sun, 02/03/2008 - 10:40pm

There are a few factors that drive real estate prices higher in a normal market. At the top of the list are the performance of the local economy, job growth, and population growth.

While all of this is true in a normal market: today's real estate market is anything but normal.

As many fewer people can now obtain loans -- some legitimately and some not -- and as borrowers with loans greater than $417K must now pay much...



 

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Nothing to celebrate

The tone here seems pretty celebratory, but you can't use your home's appreciating value to buy back all the time you'll lose sitting in congested traffic. I see nothing to celebrate here.

Dave Gardner
Producer/Director
Hooked on Growth: Our Misguided Quest for Prosperity
www.growthbusters.com

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