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: John Vosilla who wrote (45640)	12/11/2005 11:12:38 AM
From: Dale Baker	Read Replies (1) of 306849

No, I just have more than 40 years experience watching the Dallas area grow and develop. I'm sure that a real estate professional from another state without that experience could fly in for the weekend and understand the local market dynamics much better than I do. If real estate as a whole falters, the Dallas area will slow down even more than it has now. When there are bubbles elsewhere the builders crank out subdivisions like crazy and flood the market with supply for jobseekers coming from elsewhere. There is no virtually no retiree market in the area except for a few custom communities. It's a question of who is buying, why, where and how quickly supply jumps to meet that demand. Whatever I sound like, I can compare data points from the inner-ring suburban growth in Dallas in the 1960's and 70's, the crash in the 80's, the slow recovery culminating in the telecoms bubble of the late 1990's and the leveling off since then with steady growth and little price appreciation despite bubble markets in other big urban areas. Take your pick. You are the real estate expert, not me, obviously.

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