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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Michael Sphar who wrote (6286)10/27/2002 1:10:22 PM
From: maceng2Read Replies (1) of 306849
 
But I look at this thread and see an awful lot of fearful prognostications, yet when I look at the Real Estate Crash Index 16 months after its creation, its up 12%. Not a bad record in this market, don't you think? What the heck is that signaling ?

Your absolutely right of course -LOL-. It's hard to argue with the facts

One reason why I like to read all sorts of views on a subject. I'm still in the "fearful of property prices" camp, but thank you for your contribution. You seem to have drawn a lot of attention for some reason. -g-

There are some dangerous times to buy property. I would guess about now is a bad time in most areas. The amount of money loaned vs income in the UK has really pushed the edge of the credibility envelope so I suspect a big downward correction at some point. Unemployment will be the catalyst that fires off the beginning of a sustained reaction. Same for the USA in general imho..

But I've been wrong so far -g-
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