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: Paul Viapiano who wrote (5723)	10/1/2002 1:47:56 AM
From: Lizzie Tudor	Read Replies (3) of 306849

Re: RE returns in CA 1990 was the top of that market...my home was appraised at $235k then, now is worth $270k...so we're higher than that peak right now...however, in the intervening years of 1991-1994, it was worth $150k...the Northridge quake of 1994 didn't help matters either... That sounds exactly right to me. Here in N Ca, I remember being shocked that a Los Altos ranch home (an expensive suburb but not the "hills") went for 700K in 1990- an unbelieveable sum. Then, a crash. Today I can imagine that same house at slightly below one million... or maybe, maybe in the height of the bubble 1.2 million or so. But there was this mighty trough in between where those houses fell to the low 500s. That 89-90 California real estate bubble was really quite frothy. Maybe thats why I am not as concerned with this mkt bubble and burst as some. There were probably trillions of paper profits lost in that decline too, funny money just like stock market money lost. People thought their homes had made them rich. L

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next