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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding

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To: elmatador who wrote (951)8/12/2018 2:06:24 AM
From: Elroy Jetson   of 13801
 
The New York and Los Angeles market have been weak for the past two years.

Real estate prices are cyclical. They always over-shoot, then correct. It's driven by human psychology. The massive excess of the post-9/11 real estate bubble required White House intervention to facilitate and clean-up at taxpayer cost - really stupid policy by a panicked Bush Admin.
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