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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Les H who wrote (57747)7/15/2006 1:04:51 AM
From: John VosillaRead Replies (2) of 306849
 
"It is very important for today's sellers to understand what the market is doing," Mrs. Haskins says. "It's not a crash, it's normalization. Those of us who have been in the industry for 20 years or more have seen this before."

I've never seen valuations so stretched as today, debt levels and use of toxic loans as they are today, speculation as today or overbuilding as today. Too many with a lot of experience seem to wear the same blinders as the newbies who were in grammar school during the prior downturn. Do you think even 12 months of inventory, a recession, war in the Middle East, $4 gas or rising interest rates would shake their resolve?
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