Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jim McMannis who wrote (4751)	8/27/2002 7:30:04 PM
From: Lizzie Tudor	Read 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. I don't know about Texas... but NY and Ca went through the housing boom/bust cycle in the late 80s/early 90s. This cycle will probably be the same, why wouldn't it be? Japan was different, their productivity declined while US productivity went up, and we are still outproducing the asian tigers. I remember in the 80s I wouldn't even think of buying anything electronic from a US manufacturer. Now we've gone full circle on the productivity front. If the US stops being able to produce quality goods and services again which are best in class (which was the case in the 70s/80s) then the Japan scenario could play out here but otherwise... I say no way. L