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

To: Amy J who wrote (21494)	6/10/2004 11:56:24 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

<<Has there ever been a time the increase was 45% in one year. If that's not a bubble...>> I know this is going to sound radical, and I'm not sure of its validity myself, but there have been voices out there for a couple years wondering whether real estate has simply been underpriced for a while, and is reacting to pent-up demand. I heard these voices several years ago in my area of the country, and no less than Mark Haines on CNBC asked the same question of a guest on the program a few months ago. Only time will tell. Many people want to own their homes, instead of renting...that's a given. The degree to which lower interest rates fueled their desire and ability to buy homes and will keep doing so....only several more years worth of history will decide. If rates go really high and stop it all, but then drop and the same scenario repeats itself, that might indicate there was no bubble, just pent-up demand....maybe. I don't really know.