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

To: Mike Johnston who wrote (36120)	7/24/2005 4:10:02 PM
From: John Vosilla	Respond to of 306849

Many markets in flyover country are depressed with record foreclosures and actually declines in value. Those that leveraged up in your debtors winning through hyperinflation scenario are losing big. A strange unbalanced world we live in these days. No doubt many of your thoughts on the future will pan out in some form but it is dangerous to ever paint a broad picture across the board. Personally I think some property types in certain areas (new high end condos in Miami or San Diego?) might drop 75-80% in real terms while other property types in that same market might drop by a third of that. In the same time period other parts in the country might actually show a 50-75% rise in real terms.