ComingCrisis.com

Feel like going on a roller coaster?

Well i know money can sometimes get tight, especially when buying that 2nd or 3rd home for well “investing” reasons. I came across this great video on the net and i thought i would share it.

If you’re unfamiliar with the game roller coaster tycoon by Atari, it allows you to make custom tracks. You can do this in very different ways, but one way you can do it is by graphing out your points.

This smart fellow decided to take the real estate prices from 1890 till the present and graph it out using roller coaster tycoon, the best part is he’s going to take you along for the ride!

Enjoy!

To learn more please visit www.speculativebubble.com

The Richmond apartment market is starting to show signs of a build in inventory, the latest number from mls is showing for the last 5 months there’s been a steady increase in the number of listings.

Look at the graph below

As you can see there has been a significant increase in listings, with 2007 coming and it being the most active year for condo’s coming on the market it looks like it could shape a to be a good year for renters. Lots of choice.

The bottom line, if people cant rent there mortgages out at least at a 90% value meaning if you pay $1000/month mortgage payment and cant rent that place out for at least $900 we could start to see the market in the Richmond are finally start to correct.

Later this month we will have a new report out on the number of days it’s taking to sell an apartment now. If we see a significant increase then it is a very good sign of a cooling market.

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