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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: tejek who wrote (304496)2/24/2011 2:49:44 PM
From: John VosillaRead Replies (2) of 306849
 
Well most likely if the increase in prices in Seattle occurred in the 1990's and was due to the tech bubble that obviously wasn't sustainable either. Apparently Silicon Valley prices were already sky high when Clinton left office.. Other less bubbily places like Denver and Dallas had minibooms too and basically flatlined during the gogo housing years under Bush but have not really crashed the past few years either because most likely prices never went way beyond affordability levels and the income gains from the 1990's real economy not as tied to housing as the driver are still in place?
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