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: John Vosilla who wrote (59586)	8/10/2006 11:18:31 AM
From: Dale Baker	Read Replies (1) of 306849

It's a Darwinian solution for financial stupidity. Eventually the schmuck ends up so upside down he can't borrow any more. By then the cycle is usually over and credit standards are higher. BTW, that blogger isn't the only one who witnessed the TX real estate crash firsthand. Some of us have watched that market for decades and have a pretty good feel for its rhythms. Between foreclosures and hundreds of farms that can still turn into subdivisions, supply almost always stays high. I pulled up a Google satellite map of the DFW area the other night and lost count of the empty brown patches where neighborhoods can still expand. And I didn't even go north of 380 (between McKinney and Denton) where the land is emptier. FYI.

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