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

To: Lizzie Tudor who wrote (39187)8/26/2005 1:49:43 PM
From: THRead Replies (1) | Respond to of 306849
 
Lizzy,

I do not know the future, but I'm not as optimistic about the near-term prospects (1-5 years) for the US economy. I see more of a massive recession, and maybe even that D word.

In my area, a recession and reduction in automaker payrolls will be devastating for the majority that live here. I think Detroit area housing gets decimated over the next five years. Ohio could get a good spanking too, as so much industry there supports US auto production.

I sincerely hope that I am wrong and welcome being taunted as a fool/bad-news-bear. I've seen this Detroit cycle twice before, and I think this time it is going to be much worse than 1980 and 1991.

GT
TH



To: Lizzie Tudor who wrote (39187)8/26/2005 3:10:01 PM
From: bentwayRead Replies (1) | Respond to of 306849
 
Just looking around on the road tell you all you need to know. Look at all the single passengers in gigantic SUV's and pickup trucks in urban areas getting under 17 mpg. Put all these people in Honda Civic type vehicles getting 40+ mpg. You don't even need hybrid technology.


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