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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Skeeter Bug who wrote (303691)1/25/2011 3:31:44 PM
From: John VosillaRead Replies (1) of 306849
 
r'btw, i see you aren't touting higher home prices and telling me i was wrong that housing would continue to fall anymore.

kinda hard as housing falls, right?'

I have never touted higher home prices. I seem to have less of a vested interest in home prices than you, realtors or many here.. .Personally I really don't want them going up at all for at least a few more years...lol

Housing prices falling have been a non issue for two years now in my world. I don't even think about it except some communities artificially inflated by foreign money with few owner occupants that I feel should have adjusted more to better value and I do this for a living...lol

Remember I might be one of the only people who calls this a long term process similar to the 1986-96 RTC fiasco being cleansed out with the stock market bottom at the credit crunch peak similar to 1990 when Citi almost went under. The fall in prices comes in waves..I would be worried if in Hong Kong or Vancouver for sure but why should I care now? I have cousins in Vancouver..tell them to sell, sell, sell..but odds are they won't..They are special like Floridians were in 2005-06. But I digress as we are now in about 1993 of the process. Last cycle do you realize many high cost coastal areas were falling quite dramatically in 1993 just like Japan while hardest hit areas like the oil patch and Florida condo market were great values and had bottomed way back in 1988 and were already rising slowly by 1993?
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