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

To: microhoogle! who wrote (28152)	3/14/2005 10:30:31 AM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

Best case scenario in the bubble markets is a repeat of the 1990-95 period where prices fell 30-40% in LA and Boston. Usually the worst performer is the overhyped overbuilt segment of the market. Even in Florida we had condos drop 40% whereas the single family market was flat. At the margin for those with high leverage the percentage loss in equity will feel much worse than NASDAQ. What makes this time a little different is there is no true national housing bubble so the policy makers in Washington might not be as eager to support it as we think.