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

To: Schnullie who wrote (32962)	6/8/2005 10:43:37 PM
From: John Vosilla	Respond to of 306849

Most markets had at least two major up cycles in the post WW II period until 1990. The big difference was wages and rents were also rising at a similar rate and the very lax underwriting and new age unconventional mortgage financing programs of today were not needed as they are today to suck in a huge pool of the population into homes they could not ever afford at these prices

To: Schnullie who wrote (32962)	6/9/2005 7:37:18 AM
From: Tradelite	Read Replies (1) \| Respond to of 306849

It's not controversial, unless we insist on ignoring reality, in my opinion. <<the speed at which this is occurring is unique to the last 5 years or so>> The rate at which the world is moving and changing in just about every aspect of life is speeding up. Do you think that, in the past, stocks could triple in a matter of weeks like GOOG did? More players and more money (from foreign investors, too) make it happen. In my zip code, it is more common than it is unusual for homes to be sold for all-cash (and often millions of dollars) to someone who probably arrived in this country within the past one-to-five years. Same in other cities, too, I'm sure. Just about every week, I see a story somewhere about foreign investors buying up U.S. commercial real estate. If an American investor had only other Americans to compete with, and only a limited number of financing sources from which he could obtain money, prices probably wouldn't be where they are today. But that's not the way the world is functioning.