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To: XBrit who wrote (156037)3/17/2002 2:08:11 PM
From: orkrious  Read Replies (1) | Respond to of 436258
 
do NOT generalize from either of these local economies to the whole country. They are NOT representative.


They may not be representative now, but they are further along examples of what is starting to happen throughout the country.

Call up charts of TOL, CTX, PHM, BZH, or any other homebuilder. They are all starting to roll over.



To: XBrit who wrote (156037)3/17/2002 5:07:18 PM
From: LLCF  Respond to of 436258
 
<Bottom line, do NOT generalize from either of these local economies to the whole country. They are NOT representative. >

How do we know they are not portending conditions elsewhere??? Unemployment at least doubled here as well [Arizona], and tax receipts have fallen so fast the state treasury is simply flabergasted.... they can't even imagine it won't simply get better on it's own... it CANT be this bad. FWIW, this is the biggest boom bust realestate market in the country.

DAK