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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: David Jones who wrote (2567)5/9/2002 1:21:00 AM
From: John ChenRead Replies (2) of 306849
 
David Jones,re:"not push to the max". God bless you.
Now, here is the hard math: is 6% of 1000000 (60000) larger
than 10% of 500000 (50000).

The raw number of people out of work is much larger than
last recession.

However, 'recession' and 'high unemployment' are good for
real-estate PROs. People still have to live, with or without
a job, except they cannot hold on to the house. For someone
with deep pocket, that's excellent opportunity.

For some apartment syndicate (institution), they can raise
the rent to make up for the 'vacancy'. It's much easier to
be a local monopoly. But greed would sometimes get to you,
once tenant is 'forced to buy', once that supply/demand
crossed over, you are talking about years to rebalance.
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