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: TH who wrote (24298)	10/6/2004 8:51:50 AM
From: Peter Joseph	Read Replies (3) of 306849

Re: For me it has always been the ratio of income to price, and that trend was clearly unsustainable. If I remember parts of California had a 5.5 ratio (Bay area if I remember correctly). The ratio in California i saw several months ago was 8.3:1 (!) As compared to some of the Midwestern states that had a more realistic 2:1 or 3:1 Just do a google search for "housing bubble" and click on the first result for the story. Silly, ignorant fools gloating about their supposed windfall. And the Fed actively encouraging immense speculation. What a casino country we have become!

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