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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 (28299)	3/17/2005 8:45:36 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

In Los Angeles I think there is a possibility that we will look back and see that the real peak in prices occurred last April 2004 - in spite of the fact that "average sales prices" may seem to infer otherwise why would the peak be other than the peak of average prices? do you mean that the hottest areas of the market peaked in April 04 and volume has fallen off since?

To: Elroy Jetson who wrote (28299)	3/21/2005 1:14:44 AM
From: Amy J	Read Replies (3) \| Respond to of 306849

Elroy, RE: "The relationship between income and real estate price is valid whether the market consists of 1,000 people with a lot of income or the same income divided between one million people." There's a chart you or Grace posted that shows a 50% increase in house prices (corrected by inflation) relative to income since women entered the workforce in 1970, I believe. Humor: If working and generating income leads to higher priced houses, why not stop working, have fun instead? Maybe all guys should stop slaving away and stop working. Watch house prices drop by 50%. : ) Regards, Amy J