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

To: Tradelite who wrote (32978)	6/9/2005 1:20:16 PM
From: Tommaso	Read Replies (2) \| Respond to of 306849

>>>Do you think that, in the past, stocks could triple in a matter of weeks like GOOG did?<<< Yes. But actually GOOG has not tripled and it has taken it eight months, not eight weeks to get where it is. Many stocks moved like that in 1929, the late 1960s, and in 1999. The rate of rise of real estate in the entire United States in the last three years is, however, unprecedented. Pockets of comparable speculation have developed in the past, like Florida in the 1920s and Silicon Valley in the later 1990s. And the Route 128 area around Boston about 20 years ago. The reality is that there has never been anything like this on a national scale before. Also, little of the buying is fully-paid cash offers. 60% of it right now is interest-only loans. Most purchases are speculative. It is hard to see how anyone can contradict this with all the reliable information that is available.