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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ilaine who wrote (97076)4/21/2001 11:03:36 AM
From: Les H  Read Replies (1) of 436258
 
1987 was the last peak of the 80's real estate market. California and other states peaked much sooner than DC area. I remember the big aerospace shakeout in late 80s and the shakeout resulting from the changes in RE investment tax laws in 86. I don't know about NYC but I guess the 87 crash probably impacted that area first. DC was rolling around pretty good till 90 but most re prices peaked in 87-88.
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