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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (55892)	3/13/2006 10:09:59 PM
From: UncleBigs	Read Replies (1) \| Respond to of 110194

Orange County has had real estate declines in the past. I'm sure they will again but it probably won't be a panic. Most people don't plan to leave the area and the amount of available land for new building is very small. Higher interest rates and unemployment is necessary to really lower prices.

To: ild who wrote (55892)	3/13/2006 11:12:01 PM
From: John Vosilla	Respond to of 110194

"I'd expect landslides in places where cities were build by investors. Like in FL and AZ." Yes. Areas with too many speculators, too much overbuilding and the economy too tied to housing and construction will fall hard where there are few end users or even renters.. There are, however, many established single family areas here in SE Florida that are built out and primarily owner occupied where folks are also in the position of being stuck in their home with low fixed rate mortgages and a cap on RE tax increases.. Scary that even in those neighborhoods the market has really taken a dive of late..