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: Tradelite who wrote (3649)	7/29/2002 2:49:35 AM
From: Tradelite	Read Replies (2) of 306849

Follow-up to last post... What worries me about a possible bubble formation is NOT a lack of buyers--the buyers will be there....The problem is the long education process that might be required of sellers to stop their greed and make them realize what current pricing should be. If sellers heed what I just saw in the media over the weekend and start thinking they are sitting on a gold mine, real estate agents are going to have the same job I had to do ten years ago and spend a lot of time educating sellers to be realistic. Agents will get used to hearing, in a whining tone of voice: "But my neighbor got XXXX for his house X months ago, and my house is better than his." It seems that the current seller's house is ALWAYS better than the already-sold neighbor's house....LOL!! But on the other hand....if the media stories truly reflect a new stronger interest in real estate, money flow into the sector could result in just more of the same growth in prices. Or so it seems to me. I wouldn't bet much money either way.

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