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: Lizzie Tudor who wrote (86930)	8/24/2007 12:03:49 PM
From: John Vosilla	Read Replies (1) of 306849

'It will be a mild recession is all. If even that.' We can have a mild recession, tech booming, Florida bottoming in 2009 and your area's home prices adjusting back to proper valuations in a slow grind over the next 5-7 years.. In real terms many areas of this country are at least 50% overvalued in nominal terms relative to their historic norms relative to rents and incomes.. How we get their between actual price drops and dollar debasement is the story.. This is now going to be adjusting to the excesses of a mortgage/credit bubble story going forward IMHO..

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