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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: mishedlo who wrote (59839)8/13/2006 10:58:23 AM
From: John VosillaRead Replies (2) of 306849
 
Your predictions of what the future holds should play out in Florida first? Real estate downturn, drop in prices, debt cleansing,loss of many multiplier effect,jobs, huge drop in consumer spending = deflationary downturn.

We should all be watching closely over the next 6-12 months how it unfolds. For now we have a severe downturn, prices in some submarkets down substantially, but still most people seem to be working and spending. Prices of everything else still rising.. Still predicting stagflation which seems to be even worse as the months go by and so few seem to get it. Rents and cost of living could double down here in next 5-7 years even as property prices take a huge tumble. I bet you didn't believe me when I said last yr airlines were raising prices and rents at the low to middle end were up substantially either. Pass throughs of skyrocketing energy and RE costs plus expansion of credit are enormous pressures never to be discounted in assuming stable consumer prices.
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