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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 (57808)	7/16/2006 4:22:26 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

EJ do you think the little guy in the RE biz takes a big hit too this time out? I remember by 1992 small time builders all went under and there was almost nobody left to call themselves RE investors. Everyone seemed gun shy but yet today I still see a ton of people in the game on the investment side and building side still very aggressive in doing deals. Check out your local counties and I bet you still see folks buying overpriced $500k suburban houses at the courthouse steps for $460k cash not realizing the new subdivision down the block that Ryland or Horton is selling the same exact home brand new for $425k or that the $500k comps from Jan-Feb are old news or that the comparable MLS listings at $500k+ are not moving. Meanwhile on the building side it seems the pace of new construction is accelerating. Interesting times..