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

To: CalculatedRisk who wrote (48629)	2/16/2006 9:12:57 PM
From: bentway	Read Replies (1) \| Respond to of 306849

I agree with those assessments. In the bubblezones, it may take five years to reach the bottom of this newborn decline in residential RE, and another five to climb back out of it. After five years of depreciation, RE will be a well known loser investment and no one sane will buy anything other than to live in it. That's when I want to buy next, and live in it and fix it up. There should be plenty of boarded up, gang tagged foreclosures by then, owned by banks and the GSE's who'll be ready to practicly give them away. If I can find the worst house in a neighborhood with potential, I'll be set. I just don't know what's going to happen in the non-bubblezones. I'm sure they'll be affected, but I'm not sure how it will take shape.