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

To: John Vosilla who wrote (59586)8/10/2006 11:18:31 AM
From: Dale BakerRead Replies (1) | Respond to of 306849
 
It's a Darwinian solution for financial stupidity. Eventually the schmuck ends up so upside down he can't borrow any more. By then the cycle is usually over and credit standards are higher.

BTW, that blogger isn't the only one who witnessed the TX real estate crash firsthand. Some of us have watched that market for decades and have a pretty good feel for its rhythms. Between foreclosures and hundreds of farms that can still turn into subdivisions, supply almost always stays high. I pulled up a Google satellite map of the DFW area the other night and lost count of the empty brown patches where neighborhoods can still expand. And I didn't even go north of 380 (between McKinney and Denton) where the land is emptier. FYI.



To: John Vosilla who wrote (59586)8/11/2006 4:27:45 AM
From: mishedloRead Replies (1) | Respond to of 306849
 
I find it astounding someone of his age is doing. A whole nation hooked on debt that doesn't have any recollection of the great depression and real hard times is now as old as 70. Perhaps that is a signal in and of itself.

That is the nature of the K-cycle
By the time deflation is ready to set in, no one remembers it or even remotely thinks it is possible.

Mish


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