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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Jim McMannis who wrote (236075)1/20/2010 5:09:25 PM
From: John VosillaRead Replies (1) of 306849
 
Low end stuff is difficult to work with and those at the bottom seem to have suffered the most. Actually mid priced range single family has tightened dramatically. Even I am stunned how tight some subdivisions are compared to 6-9 months ago. I don't want a booming economy ever tied to a RE bubble again.

Real high end stuff you would see suffer much more if we have a prolonged stock market bear market and much higher interest rates IMHO but you got 'experts' on Ben Jones board who know that better than you or I..lol.

Don't you find it ironic the tea party crowd, those who bought into the housing/credit bubbles in spades as well as permabear types who continue to dwell on RE crashing even today seem to be on the same side these days? Talk about a contrarian indicator. Bernanke, falling knives, deflation v stagflation,TARP money payback, socialism, ARM resets,whatever....lol

Life is short and I worried a good 4.5 years during which most, except the folks on boards like this, didn't worry at all but those days are long gone for me... I hear there is a massive overpriced housing bubble TODAY in Vancouver and Hong Kong....yippee

PSL lots under $10k now you will probably be able to pick up those without utilities for a couple thousand in a few more years.. Lots of dumb money still buys them at auction for $6-8k..amazing
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