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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 (59778)8/11/2006 5:00:13 PM
From: CalculatedRiskRead Replies (1) | Respond to of 306849
 
This bust probably won't be exactly like the previous one (no two are identical), but I suspect the 3rd through 5th years will again be ugly. Some people don't realize this is just the first year of multi-year price declines!

I included a table of the LA bust in this post (at bottom). Years 3, 4 & 5 saw the largest declines.

Thornberg: Housing a "Classic Bubble"
calculatedrisk.blogspot.com