The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: gcrispin who wrote (35764)	7/21/2005 12:14:29 AM
From: mishedlo	Read Replies (3) of 306849

think that is the view in my town. However, there is very little land available in coastal Santa Barbara for speculation. So I don't see a crash in prices. There is simply too much money chasing too few properties here. Also, there are many who simply own their homes with no mortgage. For example, all of my immediate friends and myself have no mortgages. So it is difficult to assess the severity of the decline if rates rose to a painful threshold. You are naking the classic mistake of projecting current conditions into the future. Will there always be too much monety chasing too few properties? As for people owning their own homes, who cares? Take a look at Japan or for that matter the last property bubble in California in the 90's. What's differnt this time except far far far far more debt? Why wont that make it worse, especially at the margin? Mish

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next