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

To: Jack of All Trades who wrote (8801)	2/10/2003 11:19:53 AM
From: Elroy Jetson	Respond to of 306849

The long term relationship between income and real estate price is certain. The timing of cycles of imbalance and human behavior is far less certain. If markets were predictable I would have sold my stocks exactly at the peak of the bubble, instead of nine months early. If markets followed predictable cycles, Robert Prechter would be retired with billions instead of selling books about cycles. It does seem that price declines are often faster than the price rises. It seems to fit human reactions of greed and panic.