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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Travis_Bickle who wrote (51137)3/30/2006 4:15:22 PM
From: Elroy JetsonRead Replies (1) of 306849
 
Raw land in Las Vegas down 47% is a good start.

When this down-turn in real estate prices is over, raw land prices in Las Vegas will be down 98%, just like they were in 1993. Raw land in California will perform in a similar fashion.

Those who have spent a few years claiming that real estate never goes down in price, like Tradelite, are big-mouthed ignoramuses who understand virtually nothing about real estate.
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