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

To: onewaypockets who wrote (12635)	8/19/2003 12:46:19 AM
From: Wyätt Gwyön	Respond to of 306849

.... another crash? Or is this time different? no, it's likely to be the worst crash ever, though it may be a slow-motion one that takes a long time to play out, imo. California RE prices on average will fall 75% in real terms over the next 3-4 decades, imo. and i expect they'll still be overvalued because large tracts are too auto-dependent and will be useless in an era of $200 barrel oil. on the bright side, the air in Los Angeles should be cleaner in 2040, since nobody'll be driving. but it'll still be butt-ugly thanks to all the freeways, which by then should be in an advanced state of decay. what's the half-life of a 14-lane freeway? in 200 years, the remnants of civilization will marvel that such an ugly place as Los Angeles was ever created.

To: onewaypockets who wrote (12635)	8/19/2003 1:37:57 AM
From: Lizzie Tudor	Respond to of 306849

is that typical... a 4 year washout period for a RE decline? That is about what I recall here for the early 90s decline also. Seems like the breakdown started in 1990 and by 94 we were sortof back on track, 4 years. Although most of the declines were the first 2 years. So just following that pattern for this period, 05 might be a good time to buy?