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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 (18970)3/29/2004 1:41:38 AM
From: Henry DRead Replies (2) | Respond to of 306849
 
Elroy,

thanks for the links and charts you provided on this thread.

as far as the declining (national) home prices since June, DQ news show southern cal prices are making new highs. perhaps the so cal bubble will take more to pop (and sequently more downside too).

prices in LA county are crazy. make renting looks cheap.
i wonder what will be the pin prick that pops the so cal bubble? higher rates or increased local unemployment?



To: Elroy Jetson who wrote (18970)3/29/2004 2:18:53 PM
From: TradeliteRead Replies (1) | Respond to of 306849
 
<<This is always what happens in a housing bubble, the supply of homes for sale diminishes.>>

How many housing bubbles have you lived through and had time to observe, Elroy?

YOUR bubble resembles MY experience with a bubble in no way, shape, or form. Yet you say it "always" happens this way?