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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 (41751)9/20/2005 8:55:02 PM
From: Live2SailRead Replies (2) | Respond to of 306849
 
Well, the people who were asking the preposterous price of 1.15M for a 1500sq. ft home across the street appear to have taken it off the market after 2-3weeks. In its place, someone is asking the nearly equally preposterous price of 930k for a smaller home down the street. Still on the market after a weekend. That's slower than earlier this year.

Lizzie, I think that what you might be seeing are just phantom sellers with high asks. We need to see some deals done below ask before playing taps.



To: Lizzie Tudor who wrote (41751)9/21/2005 5:46:30 AM
From: Think4YourselfRespond to of 306849
 
Oil may be in a bubble but demand is growing and supply is having a hard time keeping up. Shorting energy at this point, or buying energy, could be very dangerous with all the hot money there. There could be a lot of money to be made off of Rita but that's short term. Longer term I am watching the economies of China, India, and the US to try and gauge where demand is going. China is probably the more important player.


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