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

To: SouthFloridaGuy who wrote (33354)	6/14/2005 3:04:49 AM
From: FrozenZ	Respond to of 306849

Thanks for your assessment LongIslandGuy. I tend to agree with you on about everything. I do think that Greenspan & company will allow the dollar to become next to worthless before killing the housing market on which the tax base is dependent. If they raise interest rates too much and it starts to hurt housing they will reverse and bring rates back down to 1% again.

To: SouthFloridaGuy who wrote (33354)	6/14/2005 11:11:08 AM
From: Wyätt Gwyön	Read Replies (3) \| Respond to of 306849

i disagree, i think the coastal residential RE bubble in the US is way bigger than it was in Japan. but commercial bubble was bigger there, since commercial RE served as collateral for their credit bubble instead of cash flow (a truly great way to make a self-reinforcing bubble). however, the everyday residential properties in Japan did not become as ridiculous as we see today in bubblezones like LA, SF, NYC. e.g., average NYC condo costs more than $1 million. i lived in a condo in a very nice part of Tokyo during the bubble--its value never topped 50 million yen, or around US$350,000 at the exchange rate then. that place is probably worth only a third of that now (in yen).