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To: Bob who wrote (37228)12/4/2000 11:20:36 PM
From: donald sew  Read Replies (1) | Respond to of 42787
 
Bob,

>>>> I have a friend in the mortgage business (15 years), who is convinced the decline in real estate starts 1st quarter of '01. He's looking for around 20% <<<<

I recall the bull market in real estate in NY/NJ/Northeast in the 1980's which ended in mid/late 80's and that decline was in the 25% region in certain areas, so 20% isnt out of line. I wouldnt be surprise if it was much worse than that.

seeya