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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 (4794)	8/28/2002 7:50:16 PM
From: fatty	Read Replies (3) \| Respond to of 306849

>Sorry this post falls on you gamer but the last few posts are crap. 30-70%, hell you guys are dreaming of a depression. If this were stocks one would say your bucking the street. Plus this is NOT Japan. I don't understand why a 30-70% drop would mean hell. Housing is a basic neccessity and only a small percentage changed hand every year. If housing price drop 70%, all it means is that for majority of the people, they will be living in a house worth $300K instead $1,00K. Sure, there will be people who're forced to sell and there won't be any easy refinancing, but they constitute the minority.