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

To: bentway who wrote (31408)	5/17/2005 3:26:17 PM
From: Les H	Read Replies (3) \| Respond to of 306849

In the early to mid 90s, there was a downturn in housing prices here in the Northern Virginia. I recall that prices were down 20-25 percent in several of the localities. It seems just as vulnerable now to a downturn in government spending and to another crash in the commercial properties. The other factor is the large participation by individual investors (aka landlords) in the market makes it more vulnerable. It's a question of how long and far the continued relaxation in lending practices will enable this bubble to keep expanding.