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

To: stomper who wrote (238)8/17/2001 8:34:15 AM
From: Mark IvanRead Replies (2) | Respond to of 306849
 
stomper,

March 2000: the NAS was 5000+, I could get a job anywhere I wanted, get paid what I wanted, and get as many options as I wanted. Everyone I knew was working and spending and going on vacation. I could sell my house much easier and probably get more. Life was good.

Today: The NAS is at 1900 (down 63%). I will lose my job in a month. I can't get an interview. If I get a job, it will most likely before for less money. My neighbors and friends are not working. People are not going on vacation. People are worried. It would take a while to sell my house and most likely I would take a loss. Life is not good and very worrisome.

Now, which of the above two descriptions sounds like and economic top and which sounds like a bottom.?

Mark



To: stomper who wrote (238)8/17/2001 3:51:25 PM
From: Skeeter BugRead Replies (1) | Respond to of 306849
 
stomper, the naz is down over 60% so, by definition, it has to be closer to a bottom - even if the bottom is ZERO!!! ;-)

real estate prices are the last domino standing in front of wholesale tl & ev, imho.


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