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Millionaire Now! by Larry Nusbaum

This blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth".

I'll Take The Blue One.......

Posted on 05/02/2007 16:20:21 | Link | Post Comment
A TALE OF TWO CITIES:




THE OUTCOME 30 YEARS LATER IS THAT ONE NEEDS TO INVEST IN THE RIGHT MARKET(S) OVER TIME AND TO AVOID THE WRONG MARKET OVER TIME.

There is NO SUCH THING as a NATIONAL MARKET and therefore individual markets do not behave in lock step with other regional, municipal or neighborhood markets.

In the October, 2005 issue of Money Magazine Columbia University professor Chris Mayer calls San Francisco (and a few others) "Supercities" stating, "To be a supercity, you need two things: limited ability for new construction and big demand. San Francisco is the extreme example of a supercity: Since 1940, housing prices have increased 2.1% more each year than they have in other cities. These cities are simply attractive places to live for high-income people to live."
His conclusion: that despite the recent boom, prices in most big cities have remained in line with long-term trends.

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