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

To: Lizzie Tudor who wrote (18273)	3/7/2004 8:48:07 PM
From: Tradelite	Read Replies (1) \| Respond to of 306849

If the prices stay high in your area, it means people there can afford them, whether or not you actually know or work with those people who seem to be affording them. You keep complaining about job losses. When the jobs are lost and no one can afford houses, the prices will fall--simple fact. Keep us informed of how things are going. We had a poster on this thread in the past several days who said he wants to keep abreast of any housing fall in California, because he wants to move there when it happens. Amusing....because the number of people who want to live in sunny California and don't already live there seems to keep your state's real etsate market afloat, despite other problems which seem to crop up there on a regular basis. I want to know when the California real estate market REALLY crashes. It will mean the rest of us in other, less sought-after areas are in terrible trouble and should take cover immediately.