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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (39107)8/25/2005 11:48:23 PM
From: SouthFloridaGuyRead Replies (2) of 306849
 
Surrounding Areas always see the stress first. I grew up in Modesto, CA and remember the late 80's boom well. Same Sh!t going on back then, people commuting beccause they couldn't afford bay area home prices.

What happened? Bay Area stagnated but Central Valley crashed back to Earth.

Back then the traffic wasn't that bad and we couldn't figure out who on Earth would commute an 1 hour 15 or 1 hour 30 each way to work.

Now that same commute is 2-2.5 hours I hear. No doubt people will burn out...except this time I'd imagine it will be a lot faster than back then, especially given $3 gas on the horizon.
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