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: CalculatedRisk who wrote (37511)	8/11/2005 12:21:07 AM
From: John Vosilla	Read Replies (3) of 306849

I beliieve the housing industry and related businesses in the 1950's were much less as a percentage of total GDP compared to today. Only number of housing starts due to the 20 year period that preceded it is even comparable. Everything else from remodeling, to costly gadgets,and improvements and furnishings, creative mortgages at high LTV's and a secondary market for loans, second home and investment craze plus all the jobs in legal, title insurance, appraisal, home inspection ect.. that did not exist back then and it's not even close.

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