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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Doughboy who wrote (14788)11/3/2003 12:05:50 PM
From: bentwayRead Replies (1) of 306849
 
It's hard for me to make sense of it, homebuilding IS booming, yet I'm convinced that homes in some of the highest priced areas are WAY overpriced, getting beyond what most people can reasonably afford, which seems like a bubble. Not only is homebuilding booming, but these are houses that are for the most part already sold. Most of us on this board expect a crash, but what will precipitate it? What's the timeframe? If the economy recovers and jobs start coming back, will housing price inflation just continue? Certainly not forever..
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