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

To: redfish who wrote (30567)	5/2/2005 12:16:09 PM
From: John Vosilla	Read Replies (3) \| Respond to of 306849

He's got these amazing projects going up all over the place expected to be completed within 2 years <g>. LA, Chicago, Vegas and South Florida too. Notice he only builds in areas we all know as bubble markets. He knows he could not make a profit in Cleveland or Houston. Remains to be seen whether sharply rising construction costs, higher interest rates, tighter underwriting,slower economy, decline in home prices or collapse in the major stock market averages does him in. I would imagine if just two of these happened he would be in real trouble.