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: chomolungma who wrote (623)	8/30/2001 11:38:11 AM
From: SouthFloridaGuy	Read Replies (2) of 306849

Just spoke to my father who lives in the Bay Area. Looks like the newspapers also have a lag effect in their reporting because property prices are breaking down pretty fast out there - he can't believe it. When I spoke to him about the subject two months ago, he told me things seemed ok. NYC is next. I wouldn't be surprised if residential was chopped in 1/2 in the high end.

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