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

To: John Vosilla who wrote (25883)	12/12/2004 6:21:10 PM
From: Jim McMannis	Read Replies (1) \| Respond to of 306849

RE:"We had a similar land speculation atmosphere here in 1925-26 period right before the national housing market top and several devastating hurricanes." This was a bubble not too many can remember or even know happened. The best show I ever saw on this was on "Adam Smiths Money World". A PBS series some years ago. I even tried to get a copy of the video but did not know the date it was aired. I believe that 50% of Miami's population was Realtors.

To: John Vosilla who wrote (25883)	12/12/2004 9:26:07 PM
From: flint	Read Replies (2) \| Respond to of 306849

Thanks for making my point. Housing has had record profits while it's greatest expense bubbled up. Lower that expense and the profit margins will only improve. The same analogy applies to industries with high energy costs. It's odd how many people understand that the plastic industry makes more money during a fall in oil prices, yet these same clowns will short Housing contractors thinking the deflation of their land expense will ruin them. I suppose when push come to shove most people are "smart" because they know how to parrot the main stream thought of the day. Lots of smart people here. Flint