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: David Jones who wrote (5764)	10/1/2002 8:47:34 PM
From: Elroy Jetson	Read Replies (1) of 306849

There's never been a time since World War II, that home prices have declined on a national scale. Of course that's not true for large regions. Homes in many regions have experienced 50% price declines. The national average is cold comfort if you live in a region like California (as you do) which experiences a major price decline. The darker concern is that a great number of things that "haven't happened since before World War II" have been happening lately. We'd all hate to see the 1930's happen again, but at this point I wouldn't rule it out.

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