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

To: Elroy Jetson who wrote (33216)	6/12/2005 11:45:43 AM
From: Tradelite	Read Replies (2) \| Respond to of 306849

When, exactly, do you predict "everyone in Los Angeles" is going to sell their homes? Not many people are selling their homes where I live. Is there a problem in your area that we don't already know about?

To: Elroy Jetson who wrote (33216)	6/12/2005 12:41:00 PM
From: John Chen	Respond to of 306849

Elroy,re:"'bubbeZones owner cannot afford to buy own home". Brilliant statement. But we ALL fall into the same error in discussing 'home sale'. There are homes, and there are "homes". 1. home-1099-J/J, the kind the average Jane/Joe used to call home. This is becoming distinct in the bubblezones. So they downgrade the 'home' from the single family home to condo home to blur the deteriating condition. This is the 'victim group' exploit by everyone. 2. home-1099-elites the rich people's pride asset. This is the kind that will continue to appreciate in astonding rate regardless of 'interest rate', 'economic condition'. Money is just a number and doesn't show on paper. This is also guaranteed by "trickle down policy" This group aggravates the problem for 'home-1099-J/J', due to the 'resource power' of land grab as well as investment. 3. home-1099-flipper, This is covered most by the trend following media for sensationalism and 'smart'. Remember they workship the 'dot-con' analyists as Gods. This group exploits the 'home-1099-elites' (appreciation) and 'home-1099-J/J (home-ownership) into marketing scheme. The future generation not having rich parents are bound to lose: 1. Social security. 2. home. The problem is much worst for the 'middle class' (lack in voting power/numbers and lack in money), which has no benefits from gov., and then have to pay for the 'lower income' thru all kind of taxation and 'disqualifying of all benefit'.