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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (282559)10/11/2010 9:57:22 PM
From: John VosillaRead Replies (4) of 306849
 
'They have lost faith in the notion that housing is a sound investment. That will change when friends sell their house and make money on their transaction, or the landlord raises the rent or the tenant upstairs constantly plays music after 11 PM or they have a baby or two or three.'

Same thing happened during the RTC days. Took many years but time heals wounds. The residential depression was in Texas back then. Most every market was turning up again by 1998. Renting isn't all it is cracked up to be either... Maybe at the high end makes sense most of the time....
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