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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (146926)9/16/2008 1:12:01 PM
From: MulhollandDriveRead Replies (1) of 306849
 
i remember that period....there were huge tax shelters given and billions of dollars went into commercial real estate development creating a huge oversupply

to this day some of those buildings (at least in my area) are still partially empty.....the next building boom just moved location further outside the concentric circle...that's where we are now, huge oversupply already built and still under construction...

are you suggesting that somehow things aren't as bad as they were then?
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