Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Wyätt Gwyön who wrote (33387)	6/14/2005 11:32:38 AM
From: John Vosilla	Respond to of 306849

Interesting comments on Tokyo bubble. In today's number you might be talking $500-600k tops with inflation still putting it way below Manhattan today. I think much higher rates or much tigher underwriting would be needed to seriously dampen commercial RE and flyover country RE here. Residential coastal RE is so far off the map now there is no hope. If our esteemed leaders had tried to stop this 18 months ago it could have succeeded but of course the 2004 elections were more important for everyone

To: Wyätt Gwyön who wrote (33387)	6/14/2005 3:05:51 PM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 306849

As much as my fellow NY'ers like to think it's the center of the universe, it's not. For every example of over-valued real-estate in this country, I can show you just as many examples of fairly-valued or under-valued real-estate. If you read paragraph 3 in what I wrote, I in no way think that coastal real-estate or NYC real-estate is reasonable. It's in a terrible bubble that rivals anything this country has ever seen. But for the most part it is regionalized, not national in scope, and while it will have deleterious effects on local services, retail, etc, it will have very little effect on the life of most people in this country.