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

To: larry who wrote (4747)	8/27/2002 7:08:36 PM
From: Jim McMannis	Respond to of 306849

RE:"I don't see the housing market avoid the inevitable. A soft landing is possible, and I am sure not expecting a hard landing as we have experienced with the NAZ." Never seen a bubble result in a soft landing. If anything, compared to the NASDAQ, a housing price slump will come in the form of a relatively quick 20% drop off the top in asking prices that were never real in the first place and then a slow grind down over several years. RE is no where near as liquid as securities.

To: larry who wrote (4747)	8/27/2002 7:18:20 PM
From: patron_anejo_por_favor	Read Replies (2) \| Respond to of 306849

Hi Larry! Welcome to our humble thread. <<A soft landing is possible, and I am sure not expecting a hard landing as we have experienced with the NAZ.>> I too expect a soft landing for the housing market, kinda like this: nlhs.com Real estate prices can and will go down faster and farther than anyone imagines. It's a mortgage finance bubble, when the huge derivative exposure of the GSE's ignites, there will be more upside-down bagholding clowns than at a Cirque Du Soleil show! Supply and demand will both be lock-limit in the wrong direction. Good to hear you're prepared, cash is king. Regards Patron