SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (47736)1/26/2006 12:27:28 AM
From: John VosillaRead Replies (2) | Respond to of 306849
 
"It is the marginal lagging areas which suffer first because nobody wanted to live there in the first place. They moved there because they couldn't afford to live where they really wanted to live."

You really believe that applies for every market that didn't take off in this mania? I've been to some of these 'marginal lagging areas' and many are really nice places and growing very fast. I don't think Baltimore, Miami or Ft Myers have anything on Atlanta, Charlotte or Austin.. Personally I'd take the latter 'marginal areas' by a wide margin even if prices were the same.



To: GraceZ who wrote (47736)1/26/2006 6:43:25 AM
From: KMRespond to of 306849
 
Absolutely right. And you can analogize weak RE markets to weak stocks in a bear market. They shouldn't go down because they're already "cheap" (although I still contend that Dallas and Houston are not "cheap") but they do go down, and often times more than the stronger stocks that are overvalued.

Take Ebay for example. Through that bear market, it really never got hammered.