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

To: Elroy Jetson who wrote (5768)	10/2/2002 5:11:45 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

...Of course that's not true for large regions... You seem to want to have your cake and eat it too. You consider California one large region ripe for huge decline. It just isn't that simple. As I recall California makes up some 10%"?." of all sales nation wide. That's one big assed market to clump into one assumption even for you. Last recession those in the central valley seen large decreases in prices. Various properties from south Sacramento to Bakersfield were going as nothing down assumables. While the better locations closer to the job markets had much lower declines if any depending on the location. And for what ever argument you wish to put up, location is it when discussing real estate. And I for one am very attuned in regards to location. As far as this recession turning into something that resembles the 1930's is fringe thinking at best. People lost properties because the couldn't pay the taxes. One couldn't beg or steal money because there was no money, no M1 to speak of. If for some far out unseen reason such a condition happened today. We will all be in soup lines including yourself. I for one do rule it out.