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

To: Wyätt Gwyön who wrote (35933)	7/21/2005 2:56:42 PM
From: Don Green	Read Replies (1) \| Respond to of 306849

Darffot Totally different! with few if any similarities. It was commercially driven with companies of all sizes leveraging their own asset holdings to buy more commercial real estate and then the stock market. It was also centered around high priced downtown commercial and condo sales in already high rent areas. It was driven by the strong yen and a govt. driven economic superiority mentality based on the times. Relatively few private citizens were sucked up into the bubble compared to the level of corporate investors. Yes it was a bubble in economic terms, just like getting sick is an illness, but other than that very few similarities.