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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: David Jones who wrote (5688)9/30/2002 2:54:36 PM
From: Skeeter BugRead Replies (2) of 306849
 
**"Price bubbles don't burst. They deflate," said David Lereah, chief economist for the National Association of Realtors.

In other words, prices might stop rising so quickly, but they're not going to drop.**

david, do you understand what deflate means? if so, you wouldn't misinterpret what he said. he absolutely DID NOT say what you said he did.

prices can drop, just not as quickly as stock values.
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