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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: KM who wrote (46205)12/30/2005 12:56:14 PM
From: organicgerryRead Replies (2) of 306849
 
You misinterpreted my post.

I am bearish on housing. I'm just saying that:

1. Due to severe shortages of buildable land, strong in-migration into the area, and plans of retiring boomers to head this way, I think Naples property values might hold up somewhat better than other areas.

2. Even if prices drop 30% (which seems like the maximum downdraft to me in the absence of a serious recession or depression), that will only erase the gains from the last year or so, no big deal.

We can agree to disagree on this, time will tell.
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