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

To: TheStockFairy who wrote (1071)	11/27/2001 5:29:02 PM
From: Les H	Read Replies (1) \| Respond to of 306849

look at Colorado... rockymountainnews.com this seems to be a statistical quirk in the mix of homes available for sale and being closed on.

To: TheStockFairy who wrote (1071)	11/28/2001 1:16:15 AM
From: GraceZ	Respond to of 306849

this housing crash is taking too long You'll know its here when you start telling your significant other how lucky you are that you didn't buy some house or another back when you wanted to. Right at the last bottom of the real estate market in my city a friend who knew I had rental properties called me up to ask my advice. He had inherited some money and he wanted to buy up some houses in his neighborhood, fix them up and rent them out. I told him to run in the other direction, that real estate, especially residential rental property was one of the worst returns of your time, energy and capital. Of course, he ignored my advice and managed to buy up some choice properties at very attractive prices.

To: TheStockFairy who wrote (1071)	11/28/2001 9:47:34 AM
From: Les H	Respond to of 306849

this is different from the early 90s. you don't have one single seller, the RTC, dumping properties onto the market. you also have easier credit than back then. a lot of companies have borrowed money this year, and are just sitting on cash to try to ride out the downturn. the latter probably argues for a weaker economy longer term. perhaps the GDP growth rate turns positive in 2002, then relapses in 2003-2004 again.