Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Valuepro who wrote (31548)	5/19/2005 11:39:05 AM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

Commercial real estate went down as much as 70%, most S&L's were insolvent and California, Boston and NYC residential RE down 40% by 1993. Building had slowed to a crawl and land was worthless yet we still did not have a very serious recession with the economy actually in a nice recovery mode when RE bottomed. I'm sure he doesn't want that happening again, especially on his watch because this time it would be much worse. I only wonder if he has finally figured out how extensive the speculation and overvaluation in many housing markets is yet.