Hot real estate markets

razorsharp
Thu, 31 Jan 2008 11:35:41 +0000

Good post Barons. There’s a direct correlation between property value and crime. When Giuliani reduced crime in New Your City, property values increased dramatically.

What’s interesting about Baghdad is that the people pay all-cash buy homes. If financing was available in their culture, affordability would increase, property values would increase, and their society’s wealth would increase.

I wonder what happened to all of Saddam’s palaces that didn’t get bombed. Developers could turn those into resorts or condos and make a fortune.