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: Lizzie Tudor who wrote (49892)	3/9/2006 1:02:30 PM
From: John Vosilla	Read Replies (2) of 306849

"I am so used to the stock market. Its like watching the dotcom crash in super slomo or something" You just aren't in a new second home or high end condo market loaded with speculators and overbuilding. Much closer to cracking. It could be real bad if the existing owner occupied single family areas don't get supported real soon with buying. How's that gonna work out if homes went up 50% in 2004-05 but go down 20% in the first half of 2006? A nightmare for comps, support appraisals and underwriting could feed on itself. Or flat markets in the rust belt also down a similar percentage? How is the NAR or Lereach gonna spin that one?<g>

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