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

To: David Jones who wrote (3470)	7/18/2002 6:06:39 PM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

I read the article. Did you notice it was from the premier source of misinformation in California, the "Los Angeles Times". They always present happy talk about real estate as this is one of their most significant advertising revenue sources. I recall the LA Times in 1990 chatting happily about how there was no weakness in home prices quoting Fred Sands who saw significantly higher prices in store as they fell 40%. The information I see in the MLS shows significantly increased inventories and much longer time on market prior to sale - just like 1989. That the L A Times describes increased inventory as reduced inventory should not surprise you. In 1990 they called falling prices a strong market with rapidly increasing prices. Get to know the reality behind the advertising spin.