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

To: bentway who wrote (39016)	8/25/2005 9:47:56 AM
From: Tradelite	Read Replies (2) \| Respond to of 306849

re: <<The investment mania then was global though!>> Looks to me that the investment mania in real estate has been pretty global, too. And as for any tech boom being confined to Silicon Valley, I don't agree. Tysons/Reston/Herndon/Loudoun were the sites of the Silicon Valley boom in the east. The east recovered easily from the tech wreck because we had too many other businesses and industries picking up the slack. For a very short time, people here thought AOL and WCOM would bring down the whole economy and create a lot of empty houses owned by tech employees. Heh......didn't even make a dent and the housing boom simply accelerated, and the laid-off employees quickly got absorbed by other employers. What happened after that in terms of housing availability and housing prices is very well-documented recent history.