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

To: Michael Sphar who wrote (6280)10/26/2002 11:40:29 PM
From: marginmikeRead Replies (3) | Respond to of 306849
 
no but your thesis that RE only goes up is retarded. There is way less supply in Japan yet prices plunged, so how can you assume that it cant happen in CA? Rents in NYC are down 20-30% 1-2million or higher end stuff is slowing. WHat do you think that is signaling? RE market is in need of a good 20-40% correction after a huge 10 year run. Your attitude is very reminiscent of those who claimed selling stocks was dumb cause then youd have to pay taxes-ng-



To: Michael Sphar who wrote (6280)10/27/2002 12:39:18 AM
From: Don GreenRespond to of 306849
 
The big declines in Japanese real estate prices was mainly in commercial and some residential properties in the prime areas of Tokyo, Osaka and a few other cities.


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