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: patron_anejo_por_favor who started this subject	8/2/2004 4:30:27 AM
From: Proud Deplorable	of 306849

BANK OF ENGLAND MOVES TO KILL HOUSE PRICES !!!! "Jonathan Loynes, chief UK economist at Capital Economics, said: 'The housing market is clearly overvalued if you look at prices, rate of increase or prices relative to earnings. That in itself doesn't mean we will get a sharp fall, but that is what generally happens. <font color=red>It's rare for house prices to fall in an orderly manner."</font> money.guardian.co.uk ----------------- Get used to it folks. The current real estate bubble is a worldwide phenomenon and has little to do with supply and demand. There's plenty of land around and lots of places to rent. I predict that the prices will fall dramatically in the next 6 months (CRASH) especially in areas that went parabolic. Read what a US real estate media service wrote a couple weeks ago: realtytimes.com They say the perfect storm is upon us. I would be selling any spec residential holdings in areas that have been the hottest as they will fall the most in the next few months and move into metals and energy. =============================================== <font color=gray>BTW Mr XYZ, I now have you on ignore privately and publicly. Your a waste of time for me. I have better things to do than argue with someone who gets not only his own facts twisted around but can't read properly. CLICK..BYE BYE.

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