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

To: John Chen who wrote (1136)	12/8/2001 9:33:09 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 306849

I still dont agree on fall of housing prices I think they will continue to come down housing is slower than supertankers and with extreme inertia call it momentum if you wish the highend housing prices have come down in many cities and houses continue to sit, as prices continue coming down that they have come down is indisputable watch the inertia continue highend influences upper middle end which influences middle layoffs continue in Boston Metrowest alone, EMC has laid off 9000 now that is a huge drag on housing supply those who must sell will sell at prices necessary to move property but we will surely have to watch and wait and see it unfold AG is not my ultimate seer his mistakes are littered all over the landscape of our recent economic history in March 2000 he endorsed a New Economy, new asset pricing, new risk assessment, new productivity, new internet, new endless development of information highway, the whole enchalada EXACTLY at the top GreenSnot was wrong there, and he is very fallible longbond rates have risen 50-70 bpts recently as mortgage rates rise, and they have begun to very definitely, I expect prices to continue falling very slowly nothing sudden, nothing rapid, very gradually / jim