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

To: Tradelite who wrote (33337)	6/13/2005 12:48:14 PM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

No one ever thinks RE is a bargain I thought it was a bargain in my state of Florida for much of the 1990's. I still see it as a bargain in many noncoastal markets given the cash flows and low interest rates relative to home prices but this is never discussed on CNBC since the masses are always on the wrong side near the end. So you are right the majority miss the bargains when they are real and ride the momentum near the end of the gravy train. Certainly it is at a top of what has been an amazing run in our markets unless you believe the famous last words being bantered around of late by copycats of Irving Fisher that "..housing prices have reached a permanent high plateau"

To: Tradelite who wrote (33337)	6/13/2005 5:51:52 PM
From: Jim McMannis	Read Replies (2) \| Respond to of 306849

RE:"No one ever thinks RE is a bargain" And you're saying it IS a bargain now? In areas where is in a speculative frenzy? Seems like you should not rest on your laurels and serendipitous major price increases and GET OUT there and lay the money down on those condos before someone else gets them!