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

To: Mark Ivan who wrote (240)	8/17/2001 8:45:00 AM
From: stomper	Read Replies (2) \| Respond to of 306849

Mark. I definitely understand what you are saying with your rhetorical question. But bottoming to me implies a somewhat imminent move up the growth curve. I don't see any sign of such. The 1997-99 growth and prosperity was such a historical anomaly that I guess I don't even look at it as realistically significant. I think I was parsing your statement too much...thought you were seeing upside signs that I was missing. In my head, I've only got us half way through this muck. I think we'll see all the indexes come close to being halved again. FWIW, real estate typically trails a market "crash" by 12 to 18 months. -dave

To: Mark Ivan who wrote (240)	8/17/2001 4:02:08 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

mark, i can appreciate your situation to some degree. i've seen about 4 layoffs a year for the past three years and was sent packing in one of them. i recently took a pay cut to keep folks working. i can say that 3/2000 was better than now, for sure. bottom? we've been through the largest dislocation of resources in the history of the world. bubbles always end up very nasty. always. trust me when i say that things can get worse. i hope they don't. but they sure can get worse. actually, i knew disaster was coming when the naz went into bubble insanity. why? historically disasters occur 100% of the time after such incidents and this was the largest on record. that is precisely why i was trashing greenspan and the buyers of nonviable companies when tey were all drunk from alan.com's magic potion. unfortunately, there was no magic at all. tanstaafl. hope for the best, but prepare for the worst.