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


To: The Street who wrote (9649)3/16/2003 12:26:44 PM
From: GraceZRespond to of 306849
 
Being a long time resident of the Baltimore area I can attest that by the time the boom gets around to us it's just about run it's course.

Consider the fact that every year the city loses population.

Just the fact that the guy is wishing he'd bought way back when is a sign things are getting a little too frothy.



To: The Street who wrote (9649)3/17/2003 12:56:02 PM
From: Skeeter BugRead Replies (2) | Respond to of 306849
 
imho, what this guy doesn't add into the mix is rates can go up... and housing values can plummet. what will that $450k home be when rates are back at 8%?

who wants that risk? not i!

but, let's all pretend that elephant isn't really in the middle of the room. -lol-

reminds me of gore extrapolating the boom for another decade to show he would eliminate the debt. i almost puked. bush wasn't much better, but gore took the cake on that one.