Announcement 1: The Secret Life Of Michael Ross

Duane,

Thanks for remaining interested.

Let me throw in something else to think about, and then, show how one guy in Nashville makes his bucks following the same Infrastructure Rule.

Ok. You've probably seen Reports in the Media about Mean House price changes. Well. Here is how such reports are next to meaningless...

Imagine a town where All 2 bed Condos sell for $200k, all 3 bed homes sell for $300k and all 4 bed homes sell for $400k. And, those prices remain FIXED for the next ten years. And each year, only ten properties sell.

Year 1: 8 two-bedders sell and 2 three-bedders. That gives total sales of 8x$200k + 2x$300k = $2,200k in sales. Or a $220k each.

Year 2: five 2 bedders sell and five 3 bedders. For total sales of 5x$200k + 5x$300k = $2,500k. Or $250k each.

Year 3: Four 2 bedders sell, four 3 bedders and two 4 bedders. Total sales are 4x$200k+4x$300k+2x$400k = $2,800k or $280k n each.

I don't think I need to go on for you to get the point... that even though the prices remain the same for each dwelling, the Mean changes depending on How Many of each type of dwelling sell in any given time period.

Also understand by this example... that different Types of Property sell in different amounts over time. Again, going Against whatever doom and gloom the media is reporting. Not to say the media isn't reporting what they are given, just that most people don't know what it Means when something is reported.

Ok. Now to something similar...

I was doing a bit of a search for Patrick McAlister. Trying to find his website. Anyway. I stumbled upon an article about a guy in Nashville called Patrick McAlister who is a bit of a real estate encyclopedia. And what *I* call Infrastructure he calls Arteries. And he throws in a couple of other thoughts as well. Well worth the read at http://www.growthstockwire.com/archi...007_jan_04.asp

Michael Ross