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

To: shades who wrote (34762)	7/1/2005 6:25:43 PM
From: CalculatedRisk	Read Replies (2) \| Respond to of 306849

I agree it is hard to call the top, and the housing slowdown will probably hurt teh economy more than the NASDAQ bubble burst did ... I first heard talk of a NASDAQ bubble in '96 (Greenspan's comment was in Dec, 96). The noise kept building until early 2000 when everyone was talking about the bubble. I guess "conventional wisdom" was right on that one - but many people were too early. On RE, I started hearing people express concern in 2000 (a year before this thread was started). I started thinking housing might be overvalued about 2 years ago. I didn't post on this thread until this year because I wasn't seeing the level of speculation that usually marks the end of a bubble. Now we are seeing speculation and increased media coverage of the housing bubble. Yet the majority of Americans STILL think housing is the best place to invest right now ... buy that QQQ, I mean TOL.