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: GraceZ who wrote (1286)	12/31/2001 7:23:30 PM
From: SouthFloridaGuy	Read Replies (1) of 306849

Yes, I agree, landlords are more realistic... Also saw a lot of foreclosure listings. If you have more information on buying foreclosed property, I would love to know where to find it... Yes, I agree, housing prices will be the last to fall because they will be held on until the end. My friends who lost their jobs, lost them in the summer and right after 9/11, so unemployment for many runs out starting January. The extent of the housing bust depends on the type of recovery. Anything other than a "V" shaped recovery will lead to lower housing prices in my opinion because the structural nature of employment will have changed. If the idea of full-employment goes back to 6% like it used to be, I would say bi-coastal (NYC, SF, LA) housing has 20-30% more to go from these already depressed levels. My guess is SF rentals have fallen about the same as NYC - 30%...

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