Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: twmoore who wrote (45400)	1/31/2004 1:02:51 PM
From: BubbaFred	Read Replies (2) of 74559

I heard similar declining value of properties (houses, condos, etc) plus greater enticements for renting apartments in Portland Oregon, Denver Colorado, and Seattle Washington. The economies in these three states are not as buoyant nor recovering as nicely as the publicized reports in the news media. In the past 3 years, projections for state economies at the beginning of the year have been much more upbeat than they ended up to be. Wonder why they are so upbeat in January, always, never otherwise. The midyear projections have been more realistic, despite the time windows are always connected from one day to the next, onw week to the next, and so on. Maybe something to do with winter months voodooism impact on these freaky economists. Six nonths ago, a friend of mine bought a condo directly from the owner and saved 15% off the asking price of similar properties in the same complex and neighborhood. Many of those units on sale still haven't sold and the asking prices are now reduced by 10 to 15% but still no buyer.

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