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

To: John Vosilla who wrote (34496)	6/27/2005 1:54:32 AM
From: CalculatedRisk	Respond to of 306849

It would be interesting to plot local incomes vs. local house prices. I don't have the data ... but what you suggest is probably correct.

To: John Vosilla who wrote (34496)	6/27/2005 10:03:45 AM
From: KM	Read Replies (2) \| Respond to of 306849

Going back to the late '80s, early '90s, Dallas, Houston and Austin had value increases but nothing like San Diego and New York. It's the same now. I read that Dallas has had 5% appreciation YOY but I don't believe it or see it anywhere I look. But when the bust hit, Dallas, Houston and Austin got hit as hard as anywhere else and harder in some cases because there is so much sprawl and so much overbuilding. I see nothing different this time. When this all begins to come apart, I'm sure that Texas will not be spared the big down moves. I can't speak to the rest of flyover country but even if it's "fairly valued," it will still go down. It's like when you get a market dump. The stocks that are already beaten down seem to go down even more than the stronger ones.