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: MulhollandDrive who wrote (204460)	5/28/2009 1:19:11 AM
From: Live2Sail	Read Replies (3) of 306849

C'mon MH, you know that a Toll House isn't what I'm talking about. If I could find a Toll House around my neck of the woods for 700k, I'd buy it in a sec, except that it would be far too ostentatious for me. The inventory for 700k homes in Palo Alto is probably 1 month. What I'm trying to figure out is if I believe that the economy will bottom by, say, August (we'll show nominal year-over-year growth), what will happen to the price of houses in CA or my area. Prices around here do seem to driven by the stock market, and it makes sense. But, will the stock market continue to climb or just level off? If we get inflation, big inflation, then maybe owning a house is the right thing (as Peter V suggests).

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