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

To: KM who wrote (31641)	5/20/2005 1:17:26 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

And that isn't even a bubble market. I expect it and the others to bottom way before the coastal bubble markets. If it doesn't perhaps the big "D" stands for Depression. All it will take is homebuilders to stop overbuilding IMHO. The population and job growth takes care of the imbalance. In Florida prices have gone through the roof and we have a very unbalanced economy so tied to housing with no real economy to support 17M+ people now once the building boom ends. I see no hope here for a decade. The glossy million dollar high end home market to me is irrelevant for any type of investment. Middle to lower middle end is the bread and butter in a flat to down market. High cap rates, purchase way below replacement cost and in growing areas where your rents are easily affordable for the median income in today's incredibly low interest rate environment. Meanwhile the heard of new age investors goes for the flips, new construction condos and quick appreciation in the bubble markets in today's version of day trading.