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

To: Mr. Sunshine who wrote (8735)	2/6/2003 9:57:35 AM
From: J. P.	Respond to of 306849

These things take time. The Nasdaq blowoff top went on for two years after I threw up my hands in disgust (and lost a small fortune shorting SCH right after which it was cut off at the knees). Then the Nasdaq retraced the previous 5 years. Realtors, talking heads, beaurocrats, are all saying the housing market is different. Well, maybe it was different before the fed decided to use the GSE's as a crutch to prop up the economy until business spending gets back on track (creating middleclass bagholders galore). The demand curve has been artificially stimulated to unsustainable levels. I agree housing prices will be substantially higher in 20 years. But I suspect somewhere between now and then residential real estate is gonna get taken to the woodshed. (has your shoeshine made his first 100k on real estate yet?, who hasn't we're all financial geniuses for living in our houses)