Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: BWAC who wrote (26117)	12/17/2004 10:36:37 AM
From: flint	Respond to of 306849

No i think it is the same as it ever was. You were always right. Everybody predicting the bubble has been right. Yet the Homies are making money. As they will tomorrow even though you are right. The issue here is. How many years do you and the rest of the world have the right to be right while the Homies make money before people come to the conclusion that it just doesn't matter. The Homebuilders went through a correction this month that puts their yearly chart gain back on track with 2003 gains. That tells me I am not the only one saying enough is enough. Everyone being right means nothing. Flint

To: BWAC who wrote (26117)	12/17/2004 12:29:04 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

You wonder if our economy is so bad these days when housing and all its related businesses are the main driver for growth. Was our new economy a mirage? Pharmaceutical sector collapse just look at Merck and Pfizer. And we manufacture very little in this country these days. Can so many be that clueless and never have seen a real estate downturn in construction or drop in values? It's not like we haven't had a bad downturn since 1973 or 1930. Personally I've seen condos drop 40% in Florida in a declining rate environment (first condo I ever bought was in 1983). I've seen RTC disposing of commercial property in the early 90's for 10-20 cents on the dollar of what they had sold for in the mid 80's top. I've seen just about every home builder bankrupt or on life support by 1992-93. I've seen tons of building lots go for pennies on the dollar at tax sales when new construction was so depressed and everyone was wiped out. And today we still have an excess of condos from the big mid 80's oil bust in Houston and Dallas where prices still are way below where they were over 20 years ago.