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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Beachside Bill who wrote (56009)6/13/2006 6:04:54 PM
From: mishedloRead Replies (2) of 306849
 
Demographics are next to useless.
What are you doing, reading Harry Dent theories?
Prices simply can not (sustainably) rise above people's means to pay for houses.

That is a simple economic fact.
Demographics can slow the pace of decline or increase the the silliness of the blowoff top, but those buying Florida Condos at the top will probably never break even IMO, regardless of demographics.

Now the question is: where are wages headed - I say in the toilet until outsourcing is done
Where are jobs headed? Once again this will be horrid. A slowdown in RE activity will crucify all job growth (and with it add further pressure on wages)

Since you started having civil conversations as opposed to taunting Patron out of the blue I will do the same.

Mish
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