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: David Jones who wrote (5764)	10/1/2002 7:32:19 PM
From: J. P.	Read Replies (1) \| Respond to of 306849

<<Even Federal Reserve ( news - web sites) Chairman Alan Greenspan ( news - web sites) has pooh-poohed the idea that real estate prices would go down in flames. >> Yes, the same Mr. Greenspan that presided over the stock market bubble and subsequent crash.

To: David Jones who wrote (5764)	10/1/2002 8:47:34 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

There's never been a time since World War II, that home prices have declined on a national scale. Of course that's not true for large regions. Homes in many regions have experienced 50% price declines. The national average is cold comfort if you live in a region like California (as you do) which experiences a major price decline. The darker concern is that a great number of things that "haven't happened since before World War II" have been happening lately. We'd all hate to see the 1930's happen again, but at this point I wouldn't rule it out.