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


To: yard_man who wrote (1909)2/26/2002 12:04:39 PM
From: Jeff JordanRead Replies (1) | Respond to of 306849
 
At the end of the 80's I knew of 2 recession proof cities...

Tulsa, OK. and Las Vegas, NV. I'm sure there were others....I was living in Dallas, TX for 4yrs....I moved to Vegas. Then Texas came roaring back....I miss Dallas.

...some places are just better than others! I almost moved to California in the 70's now that would have been timing! Vegas even better.....nobody told me.

I actually lived in Palm Springs in '77 ran back to Tulsa...after CA said it would take 2yrs to get my contractors license...now it's under 6mos?



To: yard_man who wrote (1909)2/26/2002 1:31:01 PM
From: bozwoodRead Replies (2) | Respond to of 306849
 
>I think the downturn will be recognized ahead of a >downturn in their earnings -- they will predict, not >affirm the downturn, IMO. We may be at the apex now ...

I agree with you. Take a look at the correlation between homebuilding stocks and the 10yr note. It is very high. These stocks trade based on the expectations for interest rates. I think it is easier to make an argument for higher rates from here than for lower rates.