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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: CalculatedRisk who wrote (258990)7/7/2010 1:39:50 PM
From: Smiling BobRead Replies (3) of 306849
 
The pctg might be off, but 2000 levels seem right.
It's regional, but our area has doubled since 2000, with maybe a 10% drop from highs. So another 35-40% is not that far-fetched -returning it to at least its pre-bubble state and erasing even the so-called normal appreciation. If RE can over-inflate, why not over-deflate?
Add in tighter credit, oversupply, tax increases, shadow inventory, underemployment, and wage deflation. Sounds like a good recipe for something extraordinary.
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