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

To: ams who wrote (249)	8/17/2001 2:34:24 PM
From: TimF	Respond to of 306849

You obviously don't live in the Dulles Corridor(e.g. Reston, McLean) area of No.Va. I work in Reston but I live in Centreville (a small bit west and several and 8 to 10 miles south) and bought my house a year ago. After SF/San Jose, Manhattan, Boston, I would say No.Va. is certainly the most overvalued. More then LA? I have seen a post or two about how that was expensive. I grew up in the New York area, and I know people in the SF/San Jose area so that might be why No. VA seems like less of a bubble to me. Also maybe my picture of what is meant by the term bubble is a bit different then yours. I wasn't using it to mean overvalued, but more overvalued and recently greatly increased in value. If it starts going down hard then the bubble has popped. I know people in the RE and construction business there and things are turning down for sure. I've heard that commercial real estate was turning down but not houses. Maybe I should ask my Dad. He sells real estate. Tim