by gavinln ➕follow (0) 💰tip ignore
Real estate investor Bruce Norris wrote a 200-page report "The California Comeback: Why Real Estate Prices Will Double in the Next Eight Years†in 1997!!
http://imgs.sfgate.com/cgi-bin/article.cgi?file=/e/a/1997/08/31/REAL331.dtl&type=printable
At the time he made the prediction there were “a number of prominent real estate professionals who pooh-poohed the ideaâ€
Another interesting part of the article is that the average rent in Santa Clara County in 1997 was $1,202 about 16% over the previous year’s rents
According to this 2010 article, the average rent in the Santa Clara area is $1,484 down 11.6% from the previous year.
http://articles.sfgate.com/2010-01-21/business/17834662_1_realfacts-average-monthly-rent-lower-rents
Rents increased by 1.6% per year over the entire 13 year period, well below the rate of inflation.
#housing
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Real estate investor Bruce Norris wrote a 200-page report "The California Comeback: Why Real Estate Prices Will Double in the Next Eight Years†in 1997!!
http://imgs.sfgate.com/cgi-bin/article.cgi?file=/e/a/1997/08/31/REAL331.dtl&type=printable
At the time he made the prediction there were “a number of prominent real estate professionals who pooh-poohed the ideaâ€
Another interesting part of the article is that the average rent in Santa Clara County in 1997 was $1,202 about 16% over the previous year’s rents
According to this 2010 article, the average rent in the Santa Clara area is $1,484 down 11.6% from the previous year.
http://articles.sfgate.com/2010-01-21/business/17834662_1_realfacts-average-monthly-rent-lower-rents
Rents increased by 1.6% per year over the entire 13 year period, well below the rate of inflation.
#housing