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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: anachronist who wrote (27122)2/11/2005 4:28:36 PM
From: John VosillaRead Replies (1) of 306849
 
I think it is very likely we in the early stages of a period where what worked the past cycle will not going forward and vice versa. So there will not be a synchronized upswing or 1930's type depression across the board. We've had pockets of tremendous prosperity and pockets of depression like conditions by industry and geographic area for over 30 years now. Perhaps midwest real estate and its resources based economy is the place to be while the coasts bloated and way overvalued exposed also to the banking and finance credit bubble will readjust for a long time. Maybe by 2015-2020 median housing prices as a multiple of incomes will be similar in Boston, LA, Houston and Salt Lake City again.
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