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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (106054)2/22/2008 9:07:41 AM
From: John VosillaRead Replies (1) of 306849
 
'What we have here in the Northern Ca area is:
SF, and desirable parts of silicon valley: down about 15% from absolute peak (if that)
Sacramento: down 50%
Mountain House and other places in the middle of nowhere, down 80% yes thats right, 80%.

the point being, we are in the middle of this, not the beginning. Many locales are crushed. At some point you have to accept that the majority of damage has been done.'

I certainly am in that camp too. And you couldn't find a more negative industry insider than me 2-3 years ago. Yes the most desireable land constrained areas are the last to fall and will be going down for many more years to come but are now the exception than the rule with perhaps 90% of the country not in a bubble today.

Time to let it go and move on. Or get in when everybody is getting out<g>
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