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

To: Lizzie Tudor who wrote (4750)8/27/2002 7:14:39 PM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
RE:"That might do it. I'm sure tired of people making analogies to Japan."

Well, I guess we could start comparing it to Texas in the mid eighties where the RE market dropped 20%, leveled, then dropped another 20%. People just put the keys in the mailbox and walked.
That's when rolexes were called Texas timexes. Later sold off cheap.

Jim



To: Lizzie Tudor who wrote (4750)8/27/2002 11:47:22 PM
From: MulhollandDriveRespond to of 306849
 
>>"dynamic economy" <<

not sure, but i think that equals "young"...

unfortunately boomers still make up the majority....they are pulling in.

saving more, spending less.

certainly not as "bad" as japan...but the demographic is certainly there.


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