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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 (17549)	2/20/2004 1:25:38 AM
From: JF Quinnelly	Read Replies (1) \| Respond to of 306849

Orange County lost a lot of high paying jobs when the defense industry left, and it coincided with the downturn in real estate here. It was a major industry. Plants that didn't close left for other parts of the country. A lot of my neighbors were caught in this. Call it a myth all you want.

To: Elroy Jetson who wrote (17549)	2/20/2004 2:46:20 AM
From: Amy J	Read Replies (2) \| Respond to of 306849

Elroy, RE: "real estate bubbles of 1885, 1925, 1965, and 1990 did" So a bust happened between 25 to 40 years. How long do you think it'll be before the RE bubble could burst? If offshoring and unemployment haven't changed sentiment here, not sure if anything else would other than an increase in interest rates. Do you think AG would do the Japanese style well-fare program you discussed the other day (i.e. drive interest rates down further)? What are the metrics for estimating if a house is overpriced. (I think the prices are overpriced, but am not familiar with the metrics one would use to estimate this.) Thank you Why do you think AG keeps saying housing isn't overpriced? Does he really think a million dollars is a normal price for a 3-bedroom cottage starter home? Regards, Amy J