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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: David Jones who wrote (5903)10/4/2002 8:27:49 PM
From: TradeliteRead Replies (2) of 306849
 
<<If prices do back off a-la 1990 buildable bare land takes a beating. That's been my experience at least. >>

That's exactly what the big builders (name brands known to this thread) did in my area during the early 1990s. They had the cash to pick up bargains and have been making money on that bargain-priced land ever since. Amazing to me that people are still shorting this group of stocks, but I wish them well, as I'm not participating in that game.
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