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: John Vosilla who wrote (33334)	6/13/2005 12:22:24 PM
From: Tradelite	Read Replies (3) of 306849

Been waiting for an opportunity to say something like this and needed someone else to bring it up.......thanks! <<when the Cisco's of the world were all the rage and RE was a bargain>> No one ever thinks RE is a bargain. Have spent years dealing with people from all over the country who got "sticker shock" when they came to the Wash DC area. Actually watched some people turn down jobs offered by employers in this area after they compared the prices with where they were living at the time. Everything is relative. What looked like a bargain last year can look expensive today. What one expects to become a bargain in the future might not really be. All bargains are relative. And all buyers will continue to consider prices to be relative--to whatever their experience has been. I don't know where that leaves many of us at this time, but that's the way of the human mind, from my experience, and it certainly isn't a good predictor of where the market goes in the future.

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