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

To: SouthFloridaGuy who wrote (471)	8/28/2001 11:23:54 PM
From: Tradelite	Respond to of 306849

<<The personal situations of the few "lucky" people who comment on this board do not act as frameworks on which to base an analysis of the CURRENT real estate situation in the United States.>> Is it possible that you are commenting more on your own personal FINANCIAL situation, rather than the "real estate situation in the U.S."----and that the current real estate situation just doesn't fit your personal financial parameters? That's exactly why I posted my first post on this board and said the discussion seemed "odd" to me. Hoping for a real estate crash and expecting one are two different things. (my two cents)

To: SouthFloridaGuy who wrote (471)	8/28/2001 11:38:36 PM
From: Juster	Read Replies (2) \| Respond to of 306849

NewYorkCityBoy, Sorry, I guess it did sound like I was bragging. It was the doom and gloom that I was reacting to. My own example of a 16 year return equaling the bond rate in a good real estate area of San Diego gives me the opinion that real estate overall except for a personal residence is not a great investment. My comment about paying off the house was just a little "wisdom" for those that may be in the position to work at it. In 1989 my house was worth $280,000 and didn't get back to that value till 1998. Now I consider that a crash. The world didn't end and most people cut back , hung on, and didn't have to sell. Some even rented out their homes and went and lived in cheaper apts. A few ended up walking away and the banks ended up eating it. But in the long run values returned to that bond rate. Justerx

To: SouthFloridaGuy who wrote (471)	12/23/2006 12:09:27 PM
From: John Vosilla	Respond to of 306849

'I fail to see the relevance of your good fortune and "wisdom" to the situation at hand facing many, MANY Americans. The personal situations of the few "lucky" people who comment on this board do not act as frameworks on which to base an analysis of the CURRENT real estate situation in the United States.' LIG your perception sure has changed from back then. Oddly that could be the Mish of today <g>. I see you got a lot of flack for calling the NASDAQ crash right. I think back then real estate investors were being the 'smart contrarians' buying great value in most of the country rather than lucky 'appreciation sluts' as was the case in 2004-05. NASDAQ 2000 being played out slow motion in real estate markets across the land only the bears are frustrated the stocks aren't quite reacting the way Cisco did.. It also is doubtful 1929 (as our best bud Mish thinks) is coming either. We saw what happened after the crash of 2000-02.. Expect the unexpected going forward IMHO..