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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (37017)8/6/2005 2:21:00 PM
From: DoughboyRead Replies (1) of 306849
 
Thanks for info on the Washington market. I've read in the Post that inventory is going up. But not in the market I keep an eye on (NW DC, Chevy Chase). I think this might point up that the bubble burst, when it does happen, will start from the outside and work its way in, at least in the large metro areas. This may be counterintuitive because normally real estate price deterioration has worked its way from the inside out, starting from the urban core. In the '60s-'90s, housing declines were set off by riots, collapsing educational systems and crime. Now I think there is such a premium on living closer to the center, we may a different pattern of a bubble burst. It'll be like March of the Penguins, if you saw that film, getting to center means survival; living on the outside, means death.
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