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

To: TheStockFairy who wrote (1638)	2/19/2002 5:00:09 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<After all, they call it a housing MARKET, which implies that prices fluctuate, not consistantly rise. At some point there will be move down the demand curve that will create buying opportunities also.>> It's called a market because it consists of buyers and sellers, who negotiate prices. I hope you find a seller who will someday sell you what you want at the price you want to pay, I really do. But there is no rule that prices go down on homes....sometimes they just sit still for years and then spike up when enough buyers appear on the scene to pay what the sellers are asking.

To: TheStockFairy who wrote (1638)	2/19/2002 5:06:54 PM
From: VS	Read Replies (1) \| Respond to of 306849

>After all, they call it is a housing MARKET, which implies that prices fluctuate, not consistantly rise. At some point there will be move down the demand curve that will create buying opportunities also. Great post. I'd suggest everyone who has an interest in the real estate market take the time to read it. Vince

To: TheStockFairy who wrote (1638)	2/19/2002 5:31:01 PM
From: John Chen	Respond to of 306849

TehStockFairy,re:"$315K median...". And don't forget, there is: 1. No inflation. 2. No wage pressure. (I can understand this, since they need 800Millions affordable home in India and Billions in China). 3. Do we have gov-RON here? Of course not. 4. "no land left'. Hmm. It's the owner of the land, the city official, the builders, the developers, the circle who is going to milk as many suckers to hold the bags..... and then ...... oops, out-migration, I heard people buying homes back in India and China and working their butts off here. (not a major trend, but I see these are smart folks)