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

To: Lizzie Tudor who wrote (48816)	2/21/2006 12:53:42 AM
From: Elroy Jetson	Read Replies (2) \| Respond to of 306849

Keep in mind that these new home "discounts" first appeared last year in Las Vegas when Pulte Homes reduced their home prices by 25%. I think Sacramento is just among the next tier of dominos to fall. In 1990, Los Angeles and Boston were the last to fall, in a process that began in Texas in 1985. I'd guess that Boston and Los Angeles also declined the most. Its just like the stock market. The farm sector and Midwest were in an economic depression in 1924. Between 1926 and 1929 the advance decline line in the Dow got weaker and weaker. When the stock market finally collapsed in 1929, people thought it had come out of nowhere. It was just part of an organic process caused by excessive investment and leverage. .