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: Elroy Jetson who wrote (28256)	3/17/2005 12:23:35 PM
From: John Vosilla	Read Replies (2) of 306849

In the 1970's we did have high inflation and a decline in the dollar. We also had rising wages, rents and interest rates which so far is not the case today. Back then we also had two severe downturns in the real estate market. All of this has to end real bad. The longer the inevitable is delayed the worse it will be. Tighter underwriting standards and interest rates back to historical norms is all it would take to knock SoCal prices down 30-40%. What do you make of the oil patch still not participating even with energy prices at record levels? Texas was the biggest of housing bubbles by 1984 so perhaps the midwest markets could partially offset the coastal collapse this time out?

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