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: Wyätt Gwyön who wrote (28195)	3/15/2005 9:55:47 PM
From: CalculatedRisk	Read Replies (2) of 306849

I checked into the numbers ... the numbers should be adjusted by CPI less shelter (adjusting by CPI overstates the real loss). If you make that adjustment, California lost 26% in real terms and the decline lasted 6 years (1991 until Q1 1997) and then started to recover. The person you are talking with is flat out wrong. I owned my current home during that period, and I remember being stunned at the selling price of the house across the street in '96. It was grim for sellers (Obviously it didn't impact me). Best Regards!

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