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: Wyätt Gwyön who wrote (7298)	12/12/2002 4:13:24 PM
From: Elroy Jetson	Read Replies (1) of 306849

CNBC mentioned the irony of the new construction. Prices started to firm several years ago so developers bought properties at a discount and planned new construction. As you could expect, the new projects are now coming on-line just as commercial market prices are again collapsing. A new round of losses and new record lows for commercial property. Maybe by the time they finish they'll be facing a 99% loss in property values.

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