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

To: Geof Hollingsworth who wrote (561)8/29/2001 7:24:49 PM
From: patron_anejo_por_favorRead Replies (2) | Respond to of 306849
 
Good points, Geoff. Real estate downturns historically lag the markets by 18 months, probably for reason #1 in your discussion, as owners try to mobilize their reserves to avoid foreclosure. So the decline is slower (and RE markets are obvious less liquid than stocks so everything up AND down occurs over longer time frames). I agree that vacation and second homes, especially in resort areas will be among the first affected as debt holders attempt to deleverage.

Nice post.



To: Geof Hollingsworth who wrote (561)8/29/2001 8:09:55 PM
From: jjs_ynotRespond to of 306849
 
Geof,

I have observed that the swings are much more pronounced in vacation home
markets both up and down over the years. They are much more of a discretionary
item that people will let go, but will protect their primary residence.

I personally am hoping to pick up a second home in an East Coast area when the
down turn hits in earnest.

Regards,

Dave


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