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Strategies & Market Trends : The New Economy and its Winners

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To: Oeconomicus who wrote (14784)11/11/2002 1:22:19 PM
From: Lizzie Tudor  Read Replies (1) of 57684
 
Is it possible for a residential RE market to crash by 40-50% would you say... or is that outside the realm of possibility given interest rates and the illiquidity of the RE market?

There's a house near me selling for $830K. In 1994, my guess is it sold for $450. Job prospects in SV are worse now than they were then, and there are *certainly* more rentals available. (during the entire 90s even early on, renting here was a nightmare). Commercial leases are down 80-90%... I know residential is correcting here but can't figure out how to gauge it.
Lizzie
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