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: Drygulch Dan who wrote (97894)	12/19/2007 11:43:40 PM
From: John Vosilla	Read Replies (2) of 306849

There were already some bubbles forming in 2001. Major markets in California and the northeast as well as Denver and a few tech hubs were frothy. No national bubble then or even today. It was a credit driven bubble in speculative areas and land constrained coastal locations with high economic growth in the recent global boom.. These asking prices under $100k today in a variety of fast growing locations are quite reasonable to me.. homes.realtor.com homes.realtor.com homes.realtor.com still it boggles my mind that home prices are still under $50k in decent hoods in so much of the midwest and upstate NY while close to the big cities like NYC, LA and SF are $500k+ for a shack..any one know what the disparity was like 30 years ago? Rochester NY 141 3/2+ homes under $50k homes.realtor.com

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