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: orkrious who wrote (71346)	2/3/2007 2:24:29 PM
From: jimmg	Read Replies (1) of 306849

<<potentially saving an extra hundred grand on an $800k house isn't nearly as important as enjoying your last 20-25 good years.>> what makes you think the downside is only $100k? True credit contraction should take housing down to year 2000 levels at a minimum and result in national unemployment in the range of 10%+. I don't see Detroit ever coming back. The days of $80k+ year to assemble cars are over for good. The labor pool available in India and China won't ever allow the comeback in Detroit. I can understand you becoming impatient. Bear fatigue is severe right now. However, I would be under no illusion that max downside is $100k.

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