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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 (52034)	4/13/2006 4:10:07 PM
From: Schnullie	Read Replies (1) \| Respond to of 306849

Willow Glen in SJ which is a nice area has a TON of availability for example. Liz - why do you always cite Willow Glen? Do you think that this area is more prone to correcting than others in SJ or is it just the area you know best? I ask because I grew up there, attended Willow Glen High and am in the process of inheriting property there. I did notice many many For Sale signs on my last visit a month ago. But prices there just seem averagely ridiculous rather than ridiculously so.

To: Lizzie Tudor who wrote (52034)	4/13/2006 4:36:17 PM
From: patron_anejo_por_favor	Respond to of 306849

>>Otoh the more bullish folks here take the RE agent position, that this slowdown is a "return to the mean".<< I agree to the extent that we were way above average, now we're passing through the mean, on the way to a complete and utter collapse in starts, sales, home values (and real estate related employment). Check out what happened to 10 year interest rates today: stockcharts.com[h,a]daclyyay[pb50!b200!i!f][vc60][iUb14!Lp14,3,3!Lg]&pref=G If that chart weren a stock, I don't think you'd want to be short!<G>