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

To: KM who wrote (47276)	1/18/2006 11:10:13 AM
From: John Vosilla	Read Replies (3) \| Respond to of 306849

Gee how about those starter condos that dropped from $50-60k to $10-20k? Was Cramer smoking something or did he confuse CA with FL on that discount up to $100k comment for Centex?

To: KM who wrote (47276)	1/18/2006 11:10:49 AM
From: SGJ	Read Replies (2) \| Respond to of 306849

Yes I do. Lots of people in Richardson sent the bank the keys in 2001 too. The difference is in 1990 we didn't have an immigrant class crossing the line from lower class to working class that will soak up supply. This is what happened in Richardson during the Telecom corridor bust of 2001. Add to that DFW has really not had any kind of appreciation in the last 5 years, which has been discussed here ad infinitum before.