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


To: KM who wrote (47428)1/19/2006 12:47:34 PM
From: John VosillaRead Replies (1) | Respond to of 306849
 
KM they just about all went under. Commercial prices dropped on average 60-70%. It was a true depression for all involved and no where to hide. What is scary when compared to today is the prices weren't that unreasonable then (9% cap rates) and the mania was more confined to what was suppossed to be the smart money developers and institutional investors<g>