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

To: Don Earl who wrote (59108)8/4/2006 12:08:10 PM
From: tdl4138Respond to of 306849
 
<<< Most people in the business see prices more or less flat over the next 5 years or so >>

Therein lies the rub...."most people in the business".

Quit reading NAR's reports and start calling RE offices around the country. It's a vastly different market than the rosy soft landing dribble coming from NAR.

Also, remember how many "new" realtors are included in your "most people". How many remember or were even in the business during the last recession?

I think you are also forgetting how overbuilt the "hot" markets have been over the last 2+ years in the largest markets in the country.



To: Don Earl who wrote (59108)8/5/2006 9:46:52 AM
From: Pogeu MahoneRead Replies (1) | Respond to of 306849
 
Don
How many condo buildings that are scheduled to start construction can not collect one dime of second payments from any their preconstruction buyers?
Most buyers are demanding their deposits back.
In any event most buyers would rather walk away from their deposits then buy a condo 100% over priced.


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