The weekly link roundup is a collection of links related to Newburgh, revitalization, urban planning and anything else that might inspire change or create dialogue. Cher Vick
Real home prices: A regional view [CO]
How To: Deal With Asbestos Siding [CB]
How to Talk to a Skeptic About Reducing Parking Requirements [ST]
In These 5 Churches You Will No Longer Be Living On A Prayer [PUC]
Can This Westchester Community Revitalize without Displacement? [NC]
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Again, “real” home (asset) prices is Relative and should not measured in the absolute, be it nominal or inflation adjusted, regardless of region. The article gives no mention of how property taxes, healthcare costs and education have far surpassed inflation as measured by the cpi. Nor does the article mention stagnant incomes relative to increased costs of living. These components are factored into property demand and ,in effect, home prices. People buy payments. As well, it’s a mistake to under weight those “few places” that have seen price appreciation above the average. Prices are set at the margins and foreign speculation has been a huge factor in building “wealth accumulation” there. Now, the past two quarters have demonstrated that these buyers are becoming net sellers. https://www.rcanalytics.com/swfs-notable-absence/