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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: CalculatedRisk who wrote (69397)12/26/2006 3:06:08 PM
From: Lizzie TudorRead Replies (1) of 306849
 
me too, well not totally irrelevant but just one of many factors creating the boom (the largest of which I think were collapsing dollar and stock market, with low rates and easy credit).

Of course, you and I live in California and one thing I am learning here on this thread is that FLA and Detroit and other areas have **no** relationship to CA whatsoever. Its fascinating to me to read about FLA. Its as if their driver for booming real estate to mirror the real estate boom we had in N CA after the industry took off, is the amt of money flowing into WALL STREET BANKS. They have no self generated wealth in FLA at all! Amazing!

However, wall street is going to start perking up. That might mitigate the crash in FLA real estate a little.
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