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

To: Elroy Jetson who wrote (17364)	2/15/2004 1:16:46 PM
From: Tradelite	Respond to of 306849

LOL! This reminds me of all the times that real estate discussions disintegrated into political discussions on the local real estate discussion thread among brokers that I used to participate in--which was probably long before anyone else learned you could talk to other people on the internet. Somebody would always wind up accusing somebody else of being a communist. We even had some people (who were actually our friends in real life and we still have respect for today ) citing the dreamy ideals of Camelot during the Kennedy era--and by gawd, the rest of us weren't allowed to criticize any of those ideals.

To: Elroy Jetson who wrote (17364)	2/15/2004 1:34:27 PM
From: Tradelite	Respond to of 306849

<<And apart from the fact that most home owners have negative equity...>> Where did THAT figure come from? (And what, exactly, IS the figure you are referring to?)

To: Elroy Jetson who wrote (17364)	2/15/2004 9:25:29 PM
From: Wyätt Gwyön	Respond to of 306849

spread the 39% decline in real estate over a 13 year period, so it amounts to something less than 4% a year, like they did in Japan - then perhaps things won't be so bad it would probably be worse due to the high consumer debt levels in the US and the pathetic financial situation of the average profligate American consumer compared to the fastidious savers of Japan, who have some $12 trillion equivalent in the bank (actually, probably $15 trillion now thanks to currency appreciation).