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 (238061)	2/10/2010 12:48:29 PM
From: Peter V	Read Replies (1) of 306849

Stock market (Dow) went from 3000 in mid-1990 to 2365 in late 1990, and took most of 1991 to recover. But CA coastal RE took a long while to follow. In 1994 the Dow went sideways around 3750, and took off in 1995 for about the next three years. I bought my first house in Santa Monica in 1996 just as the RE market was coming back. Missed the very bottom in 1995, but better to buy on the rise. Too bad I sold in 2001 after it doubled, instead of 2007 when it had nearly quadrupled. Ah, hindsight ... But applying that now, even assuming we have seen the stock market bottom last March, it seems that CA coastal RE has a long way to go before it bottoms. And even that forecast has to be adjusted by the meteoric rise of RE from 2000-2007, the likes of which we had never seen before. Even at the top in about 1989, prices had not skyrocketed like they did recently.

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