SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Drygulch Dan who wrote (298927)12/19/2010 1:47:22 PM
From: John VosillaRead Replies (1) of 306849
 
'So Patron, Is the RE Crash finally over ? Or do we have to sit through more of the same in 2011 ? I remember Calculatedrisk's chart showing more loans hitting the wall in 2011.'

Glad to see the rare sighting of an on topic post. This is a very long cycle and if you look at the previous bust from about 1986-96 it varied by region, property type even price range last time and the same thing is happening this time. Maybe we are entering the equivalent of 1993 when the higher end of coastal CA and the northeast were falling hard but many areas had bottomed? In Florida we fell harder and very fast through 2008..It was a stunning fall within two years if you blinked and didn't pay attention in.. Prices in general have been stable for a very long time though a few less speculative areas did drop further even into 2009 but the percentages were minor in the big picture and we are on average in the sixth inning in clearing out the distressed property and putting it into stronger hands. I have really been amazed that some condo communities with 80-90% drops have already cleared out the majority of those 2003-07 vintage loans to mostly all cash buyers for $20-40k by now...I think most on this board blinked and missed what has been taking place in ground zero markets<g>
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News