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

To: David Jones who wrote (12617)	8/19/2003 12:30:44 AM
From: onewaypockets	Read Replies (3) \| Respond to of 306849

..."The early eighties were recession then later hyper inflation. It was damn tough to hold on to property. Anyone that thinks it was easy is and idiot. The eighties were ugly. "... and ..."I owned property in the 80s in CA, it was a huge windfall. My husband bought property in 83 for 170K, around 12% interest if I recall- by 1989 it was worth 500K. I don't know why you think it was ugly. CA RE in the 80s was the dotcom bubble of its time."... Its interesting how both these comments can be so right. California real estate can be so sweet when the timing is right and crushing when timing is off. Very high beta stuff. Someone that bought at the cycle high in 1980 would have been underwater for most of the 80's...probably until 1987 or early '88 in my area (LA, Ventura). A very long time with life’s challenges. Someone who bought in 1984 though after most of the washout would have been in a much easier situation to ride the recovery that came later in the decade. Same situation with the next cycle high in 1990, the washout until 1994-95, the slow ramp up to still another mania in 2002-03. Now with the jump in interest rates and the economy still shaky.... another crash? Or is this time different?