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

To: ild who wrote (18609)	3/15/2004 3:12:35 PM
From: deeno	Respond to of 306849

LOL!!

To: ild who wrote (18609)	3/15/2004 3:13:42 PM
From: Tradelite	Read Replies (2) \| Respond to of 306849

ild....puzzled by your statement that homes are being churned speculatively for quick profit. If they were, there would be a ton of them up for sale at every given moment, and inventory wouldn't be classified as "low". Speculative fever in our area before the last crash was evidenced by pages and pages of open house ads in the newspaper classifieds every Sunday, not a column or two as we see today. Everyone was a seller. Everyone was a buyer, until the buyers said the prices got too high and dropped out of the market, forcing sellers to stay put.