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

To: John Chen who wrote (44883)	11/19/2005 10:48:28 PM
From: John Vosilla	Respond to of 306849

That is a good point and the offset to loss of purchasing power by those whose equity erodes this next downturn. Capital will flow from major kitchen renovations and oversized McMansions nobody really needs to new technological innovations and a cure for cancer..

To: John Chen who wrote (44883)	11/20/2005 1:33:34 AM
From: Proud Deplorable	Read Replies (1) \| Respond to of 306849

John, that is not the way I see it. I see less liquidity among consumers because 30% of their wealth is about to evaporate overnight according to real estate experts on CNBC. As housing prices continue to crash people will stop spending, not the other way around. No one in their right minds buys a home when prices are declining. In stocks this is like catching a falling knife. The next bull market in homes will only start when people think that real estate is a dirty word. Its happened before and will again. This is Dow Theory principles