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: Schnullie who wrote (46299)	12/29/2005 3:25:39 PM
From: Think4Yourself	Read Replies (1) of 306849

I was surprised anyone who reads this thread couldn't see the obvious point you made. The first car has already gone over and the last is still going up. they are about evenly balanced right now in the multiyear cycle. It's going to start getting ugly next year as homebuilders are forced by their stockholders to keep building into what is fast becoming a housing glut. Sales of existing homes are clearly and concisely indicating bad times ahead. People are buying new homes and then finding themselves unable to unload their old homes. NOT good for the economy when one realizes that the bulk of the jobs created in the "Bush economy" were related to the homebuilding industry. When housing prices stop rising that's a sign the last car has gone over the top. Then it REALLY gets ugly for those with creative financing and those who counted on price appreciation.

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