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

To: CalculatedRisk who wrote (30110)	4/25/2005 1:03:43 PM
From: Drygulch Dan	Read Replies (1) \| Respond to of 306849

Some interesting data. I noticed that the chart showing Vacancy Rates shows a significant spike with the knee happening in 1998. Between 1992 and 1998 vacancies rose slightly from 7.4% to 7.7% Starting in the late 90s this rate rose quickly into the 10% area. I wonder what component of this is multiple home ownership growth? I suspect quite significant, a new paradigm if you will as the boomers start shifting into a post-working life phase. By contrast, over the 25 years from 1980 to 2005 overall homeownership grew modestly from 65.5% to 69.2% which doesn't suggest too much bubble mania. Likewise, the chart with Households reporting total family income below median family income home ownership rose modestly from 51.6% in 2001/Q1 to 53% in 2005/Q1. This small increase doesn't support the concept of bubble mania unless the bubble were present back in 2001. Of course that may have been the case, given this thread was created in the summer of 2001 on that thesis.