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

To: Tradelite who wrote (1081)	11/29/2001 5:29:47 PM
From: yard_man	Read Replies (1) \| Respond to of 306849

this is not your momma's kind of recession -g- NFW housing stays firm through the end of 02. NFW.

To: Tradelite who wrote (1081)	11/29/2001 5:44:14 PM
From: ild	Read Replies (1) \| Respond to of 306849

Yes, you are right. In my post I was referring to existing home sales. I'd appreciate if you explain your thoughts about this "heavy supply of buyers". I bought my home in 1996 (Irvine, CA) and there were no buyers. Now, after more than 5 years of low inflation (IMO it's important), it's price is up 70% AND there is "heavy supply of buyers". Yes, interest rates are lower now. Also rent is up a lot. These two make for easier house purchasing decisions because you compare cost of renting to cost of owning. But I still believe that current prices can't be sustained. I wish I could short sell my neighbor's house. -VBG-