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

To: Elroy Jetson who wrote (48819)	2/21/2006 2:20:31 AM
From: John Vosilla	Respond to of 306849

"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." Many large growing markets have been in a downslide since 2001-02 like Dallas, Denver and Atlanta. Tons of new construction, lots of job growth, but limited appreciation and high foreclosures.. So is a repeat in the cards with the slower growing, more overvalued land constrained coastal markets dropping with a 4-5 year lag again? " Between 1926 and 1929 the advance decline line in the Dow got weaker and weaker." Don't know if you caught the long winded article on that exact subject on the credit bubble board today and i believe it was also copied onto this board. Top for the DOW was Sept 3, 1929 but most of the market was already down substantially and only 4-5% of stocks were making 52 week highs.. GM had already dropped from 130 to 70. Makes you wonder about where we are today.

To: Elroy Jetson who wrote (48819)	2/21/2006 12:02:33 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

Do you agree with me that the best time to buy in the last downturn was earlier on in the cycle than the papers imply? Say prices bottomed in 94, my thinking was buying in 91-92 was best, buyers were cutting huge deals then. I ask because I have some employees looking to buy and they are waiting, they can't get in right now but hoping for a decline. Maybe in a year or so would be good? These people can't afford to lose 25% of their home value they need to time it right.