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: John Vosilla who wrote (120640)	5/5/2008 8:48:58 PM
From: Lizzie Tudor	Read Replies (1) of 306849

I know, and I am not trying to defend what is happening here as I am a buyer. My view is that RE as an inflation hedge is all that is keeping prices up but the facts are, they are remaining stubbornly high. This is not what we experienced in the last downturn in the early 90s... then, houses totally crashed out of the gate, I mean 100K-200K declines were what you had to do to sell a house. That is not happening now. The crashing dollar is keeping RE afloat here. Housing peaked in fall 2005. Here we are, 2.5 years later.... just WHEN EXACTLY are areas like mine going to crash. IF it doesn't happen this year then it isn't happening. BTW I was outbid on every house I tried to get. Now I am waiting for Sept.

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