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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: rolatzi who wrote (22)	6/23/2001 11:38:36 AM
From: Amelia Carhartt	Read Replies (1) \| Respond to of 306849

"Real estate must certainly be a lagging indicator." It is most definitely. After the crash of '87 real estate prices had a huge runnup and didn't start falling until late 89 early 90.

To: rolatzi who wrote (22)	7/3/2001 2:54:28 PM
From: AC Flyer	Read Replies (3) \| Respond to of 306849

Interesting thread.... I live in Weston, a western suburb of Boston. We bought our house in early 1996 when we relocated here. We felt that prices were high in 1996 when we paid $x for our house. Though I don't believe in market timing, five years later I'm convinced that we're headed towards another real estate bust (Boston had a pretty good one 1989 to 1991). I've been able to talk my wife into downsizing and we've just sold our house for $1.67x. Amazing! 67% appreciation in 5 years. I'll be holding my breath until the closing in 6 weeks time.