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To: Tenchusatsu who wrote (288678)	5/19/2006 10:05:20 PM
From: combjelly	Respond to of 1575424

"He stops in mid-air, suspended, looks down and realizes that the ground is no longer there. He then looks at the camera and holds up a sign saying "YIKES!" before he suddenly begins his rapid descent." Almost. In real estate, when the leave the cliff, they are still in an upward trajectory. Because they usually have a lot of plans that hinge on that money, there is a terrific amount of hysteresis in the system. When it gets to out right panic, there isn't a real floor.

To: Tenchusatsu who wrote (288678)	5/22/2006 6:53:26 PM
From: tejek	Respond to of 1575424

Ted, There's a good 6 months to a year lag time before sellers get that the market is gone south. I'm thinking of Wile E. Coyote going off the edge of a cliff. He stops in mid-air, suspended, looks down and realizes that the ground is no longer there. He then looks at the camera and holds up a sign saying "YIKES!" before he suddenly begins his rapid descent. You may be right. A broker for the commercial market [apt. buildings] said that that market fell off a cliff at the beginning of April. Maybe single family housing did as well.....except I thought Wile keeps falling, cratering into the ground.