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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 (6286)	10/27/2002 4:17:21 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 306849

>>Perhaps I was just stubborn and being a third generation Californian too entrenched to be driven out.<<< to be "driven out'? this because of a job offer out of state? that you think leaving is referred to a being driven out may be indicative of the fearfulness of "leaving" due to the difficulty in "getting back in"? due to the highly speculative RE market? as to that the crash index is signaling... looser credit requirements....lower interest rates....and in the case of california, dwindling supply. those factors are dynamic forces in pushing up RE valuations. my own personal opinion is that i do not expect a real estate "crash"....but there are most assuredly areas that i believe RE have hit a wall and will correct.

To: Michael Sphar who wrote (6286)	10/27/2002 1:10:22 PM
From: maceng2	Read Replies (1) \| Respond to of 306849

But I look at this thread and see an awful lot of fearful prognostications, yet when I look at the Real Estate Crash Index 16 months after its creation, its up 12%. Not a bad record in this market, don't you think? What the heck is that signaling ? Your absolutely right of course -LOL-. It's hard to argue with the facts One reason why I like to read all sorts of views on a subject. I'm still in the "fearful of property prices" camp, but thank you for your contribution. You seem to have drawn a lot of attention for some reason. -g- There are some dangerous times to buy property. I would guess about now is a bad time in most areas. The amount of money loaned vs income in the UK has really pushed the edge of the credibility envelope so I suspect a big downward correction at some point. Unemployment will be the catalyst that fires off the beginning of a sustained reaction. Same for the USA in general imho.. But I've been wrong so far -g-