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: portage who wrote (164)	8/5/2001 8:43:19 PM
From: Jason W	Read Replies (1) of 306849

Home Price Rise Poses Little Economy Risk biz.yahoo.com <snip>As U.S. property prices soar in the wake of last year's technology stock collapse, economists are looking over their shoulders to the late 1980s property price bubble, whose burst pitched the U.S. economy into the last recession. The October 1987 stock market crash had little immediate broad economic impact. But as investors piled out of stocks into property, housing prices soared before derailing at the end of the 1980s as interest and mortgage rates rose. When the housing bubble burst, consumer spending slumped and the economy slid into recession....<snip> Jason W I believe history will repeat itself.

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