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: X Y Zebra who wrote (25987)	12/15/2004 11:16:44 AM
From: John Vosilla	Read Replies (1) of 306849

Sounds like many large cities in the southwest will have large urban densities of low end residences similar to Mexico City. Might be good for low end apartments and condos but certainly not the overpriced residential property in bubble markets. I mentioned bargains galore from the overhang of the Houston and Dallas 1980's condo bust a month ago on this board. <Mexico (the country) population in 1950 = 30 million. <Mexico (the country) population by year 2000 (or 50 years later) = 98 million (give or take a few million unaccounted for -g) Mexico CITY population year 2000 (plus or minus a few million....) 20 million the above are NOT projections, they are the real numbers. So... take a moment to think about what's coming... real estate go down in southern California (or most of the Western US)... ? I seriously doubt it.>

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