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

To: GraceZ who wrote (14959)11/10/2003 2:48:58 PM
From: bentwayRead Replies (1) | Respond to of 306849
 
Having just bailed from there, I can't help feeling that the Cal. market is reprising the Japanese market of the 80's. One of the causes of their current economic malaise is the number of bad real estate loans absorbed by their banks following their real estate crash. There are things that are different, Cal. is not a country, and most of the loans are probably Federally insured. Still, it would be interesting to find out who profited from the Japanese crash and how they did it, other than just bailing near the top.



To: GraceZ who wrote (14959)11/10/2003 4:01:02 PM
From: Elroy JetsonRead Replies (1) | Respond to of 306849
 
It's possible that Ryland learned their lesson. They bought Brock Development, with headquarters near Burbank CA, in the mid-1980s from CNA and the Brock family.

Ryland greatly expanded the Brock California operations and took a huge loss after the 50% decline in home prices after 1990. Perhaps once burned twice shy.


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