The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Michael Sphar who wrote (6280)	10/26/2002 11:40:29 PM
From: marginmike	Read Replies (3) of 306849

no but your thesis that RE only goes up is retarded. There is way less supply in Japan yet prices plunged, so how can you assume that it cant happen in CA? Rents in NYC are down 20-30% 1-2million or higher end stuff is slowing. WHat do you think that is signaling? RE market is in need of a good 20-40% correction after a huge 10 year run. Your attitude is very reminiscent of those who claimed selling stocks was dumb cause then youd have to pay taxes-ng-

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