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

To: Tradelite who wrote (942)	10/25/2001 12:10:47 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

<<Believe it or not, this alleged slowdown is much-needed, and would come about naturally at some point.>> I agree...just like the bursting of the tech bubble was much-needed and came about naturally. Time to burn off the economic underbrush (ie, oversupply, overcapacity, debt and inventory), so new growth can occur. Might take a year or two though....

To: Tradelite who wrote (942)	10/25/2001 1:09:28 PM
From: John Chen	Read Replies (2) \| Respond to of 306849

Tradelit,re:"RE". Seems there is a common practice that, if the house is not sold in certain days, the agent would suggest to take it off and re-enter later. While the RE has been hot, this kind of 'cooking the book' to reduce 'days on market' is really fraud. I even see 'sold' sign after 'listing' or 'agent' changes. Suggesting, the house is sold, but switch the 'listing' or 'agent' right before that. This creates a 'REAL HOT' market, since homes are sold '0/1 day on market' and '100% asking price'. Of course, there are some real-hot-property/area like that, and then there are those fake ones. Well, anything is a game and you need to be on the right-side. AG and friends would find plenty of reasons to keep the home prices rising with 'NO INFLATION'. In Houston, I saw the 'Hot-market' came to a 'sudden halt' in Aug,1983. It was so sudden and it's like falling off a cliff. The demand just STOPPED. It was really something how thing can STOP just like that. I know 'THIS TIME IS DIFFERENT" and AG are on the RealEstates' side. Nonetheless, stay away from the 'bubble-areas'. History always repeat itself. Unless you can stomach 10+years of grinding, (actually you feel real-estate crashed only during the last couple of years of the long fall).