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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Mike Johnston who wrote (24880)10/28/2004 1:04:18 PM
From: John VosillaRead Replies (2) of 306849
 
<When will the stampede to unload 400 K "tool sheds" in CA begin ? And will "financial technicians" at the Fed further confiscate dollar savings of citizens to prevent that from happening ? That is a million dollar question>

Yes so true. What incredible times we live in when bubble coastal markets have residential real estate that in essence has a cap rate/cash yields down to 2% or so and so many still want to own even more. Yet go to Dallas and Houston and many condos still haven't recovered from the oversupply of the 80's oil bust selling at a fraction of replacement cost. The billion dollar question is does the Fed truly have control against outside influences such as dumping of bonds by foreigners and (or) continued devaluation of the dollar without bursting this credit/housing bubble. Greenspan can talk his bs and walk the thin line only so long.
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