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

To: Proud_Infidel who wrote (30604)5/3/2005 1:37:45 PM
From: John VosillaRead Replies (1) | Respond to of 306849
 
I was just in Vegas and LA. Both markets have very little for sale (or even for rent) in either new or older communities which amazed me. They are building in Henderson, a suburb of Vegas at a pace I've never seen before and I'm from Florida. Prices are at such a ridiculous level now you just know it's a matter of time before this ponzi scheme collapses but we are not there yet.



To: Proud_Infidel who wrote (30604)5/4/2005 1:19:19 AM
From: kahunabearRespond to of 306849
 
Booms ? Why, it's a durn gold rush ! There's gold in them thar hills ! Yippee !

Personally, I prefer the term bubble.

For every boom, there is a bust.


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