The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John Chen who wrote (947)	10/25/2001 2:14:39 PM
From: Tradelite	Read Replies (1) of 306849

John, that Houston problem was a true bubble built on speculation. As I've posted on this thread before, I'm still trying to unload some junk land that was sold back then as "luxury home sites" outside of Houston. Back then, the oil thing caused everyone to think and act irrationally. We have not had a real estate bubble in the U.S. over the past few years, and I would argue to the death on that point. Our last real estate bubble was during the late 1980s.....Commercial real estate went bust, savings & loans needed a bailout from the government, people stopped churning houses two or three times a year for ridiculous profits (primarily because incomes weren't keeping pace with escalating prices), and builders went bankrupt holding huge inventories of spec-built houses. Those subdivisions grew up in weeds with unfinished buildings on them, while lawyers made a killing settling mechanics liens, doing mortgage workouts, yada yada. If you see this happening today, you will know what a bubble is. Where is the bubble?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next