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


To: Micawber who wrote (42422)10/3/2005 12:38:08 PM
From: GraceZRead Replies (1) | Respond to of 306849
 
Grace, perma bears never see "early" as just plain wrong. They wear "early" as a badge of honor.


I'm wrong all the time about where stock prices will go in the near future. It comes with the territory. When this thread was started I was inclined to agree that house prices were headed for a pull back....I was wrong! I even talked a client into selling Ryland. In theory I was correct in my advice since Ryland was a big client of his and he already had too much exposure to them, so in the interest of diversifying he should not have held a big position in their stock. The hard part is that I have to face him on a regular basis and it's not like he doesn't keep track of the stock price. I had a hard time seeing how much people would use the RE market to avoid the stock market in general. In retrospect it makes sense that people would flee out of stocks into bonds which would make leveraged real assets like RE rise. It was hard to see in 2001.