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


To: biometricgngboy who wrote (13549)9/8/2003 12:48:17 AM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
Of course this crash could be long and drawn out like Japan.

If the economy were to deteriorate, long term interest rates would once again decline. A real estate crash perversely depends on either a strong economy or high inflation fears.



To: biometricgngboy who wrote (13549)9/8/2003 1:28:27 AM
From: Wyätt GwyönRead Replies (1) | Respond to of 306849
 
yeah, i just read that line today. i'm not sure why it didn't get play here (sorry if somebody already did mention it a bunch), except that most of the info in it is probably already known to those following the housing bubble (though he provides a very handy reference work). i think the main value of this book (and also Talbott's intended audience) will be for those who really have no clue about the housing bubble. that is the people i am buying it for.

but for people who already know the PowerPoint version of the housing bubble and Credit Bubble, and are more interested in grasping a more advanced framework for understanding the modern global economy and the Credit Bubble, i think it is more productive to read, e.g., The Boom and the Bubble: The US in the World Economy by Robert Brenner amazon.com

a fairly difficult read for a nonspecialist book imo, but a very rewarding book. not something i'd buy for somebody as their introductory book to understanding the housing bubble, though.



To: biometricgngboy who wrote (13549)9/8/2003 11:31:16 AM
From: TheStockFairyRead Replies (1) | Respond to of 306849
 
"I'm surprised at the scant attention given to "The Coming Crash" on this thread."

It's a watching game right now, and has been for about 2 years. No book is going to change that opinion, and frankly even though I'm a short term bear in regards to RE, my long term outlook is still A-OK. Until the boomers start selling their homes and moving to where ever people are going to go die now a days.

What was the latest report? Housing prices still growing on high demand by something like 5% per quarter? Demand still at record highs? Not everyone is 'in' yet.