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: TH who wrote (173883)	12/27/2008 5:13:49 PM
From: tejek	Read Replies (2) of 306849

I have no doubts about your ability to properly access California real estate. Clarification: I don't have access to CA property.....my comments were based on the links you provided. I respect your expertise, but I'm looking at the macro variables and there is pain coming that most have never experienced ever in their lifetimes. You may well be right. I was only trying to provide another perspective. BTW LA did have riots in the early 1990s.......some of the worst in its history. Parts of the city burned for two weeks. The economy was crushed. I really believed it was the end of LA. The current economic malaise feels the same way. However despair is more prevalent....there are more people effected. Nonetheless, there are regions that are doing okay....not great but okay. So I think things have to be weighed out.......these days its way too easy to get too negative IMO. And I also know from the markets that when things get too bullish we are near a top and I believe the converse is true as well........when things get too negative we are near a bottom. And these are emotional issues......which can't be deciphered by crunching numbers. Again, just my perspective.

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