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To: MythMan who wrote (81338)	3/16/2001 9:08:12 AM
From: Mike M2	Read Replies (1) \| Respond to of 436258

MM, based upon casual observations I would guess RE prices declined 20% from the peak in 87-8 into 1991 in my hood. I expect da hood to get clipped 30%% off da current peak - just a guess. Condos still down. Less desirable areas 3 family homes that sold for $275k in 1987-8 now $175k. One point about RE it cannot appreciate faster than personal incomes forever people have resorted to two incomes instead of one- what next put your kids to work-g- . In addition, easy credit how fueled RE - how much easier can it get. it's already easier than M* -g- Million dollar homes in Greenwich, CT sold for 50-75K during the depression. I agree RE has been good but sometimes you have to look ahead. I see TL & EV - in soize. mike