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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (88479)9/7/2007 8:15:38 PM
From: Lizzie TudorRead Replies (1) of 306849
 
I lived through the last housing correction and so far that one was a lot worse because commercial RE fell hard as well. Mortgage rates also rose to 10% from 8% in less than a month. Whole swaths of RE remained moribund for almost ten years, long enough that you could go to a party and no one wanted to talk about RE.

Same here. This is nothing like the last crash in CA anyway. Now THAT was a crash, and it happened very quickly.
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