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: Micawber who wrote (44708)	11/16/2005 10:31:16 PM
From: John Vosilla	Read Replies (3) of 306849

Real estate is so local. In probably three fourths of the country RE is fairly or even undervalued today. That said I've been to some markets that were about to crash this summer/fall according to the internet chatter such as LA, Boston and NYC and only saw equilibrium in the market from my vantage point. This board is nothing like the eternal gloom/doom of 20 and 30 somethings who missed the boom in California on the Ben Jones blog since most who have been on this board a long time are actual homeowners themselves in one of the bubble markets who have benefited greatly from the mania. Now when you are talking overvaluations and certain areas of speculation it is another matter entirely. But hey I'm probably at ground zero of the most vulnerable of all, the new high end condo market in South Florida<g>

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