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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 (25265)	11/16/2004 11:47:03 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

More than likely anyone under the age of 25 in 1989 was not hurt much by the early 1990's downturn so has no negative experiences or memories as a result. That is a big pool of folks under 40 out there today including the whole group of first home/entry level buyers that have allowed the strong move up market to continue unabated in Bush's new 'ownership society'. <But missing your seasonally adjusted sales targets so soon after people had been camping out all night to get on waiting-lists for a new home gives people working for home builders the willies, particularly if they're old enough to recall 1990.>