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

To: CalculatedRisk who wrote (60451)	8/22/2006 1:57:11 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

This part is total BS: And even if prices did decline nationally, history suggests that the impact on consumer spending would be modest and gradual." There are no periods of protracted decline in housing prices nationwide since WWII. If he wants to "historically" look at this, the only period of declining housing was the Great Depression. Word is, there was NOT a "modest and gradual" impact on consumer spending when that happened.....<G/NG>

To: CalculatedRisk who wrote (60451)	8/22/2006 10:31:02 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

CR, i read your article on the Dallas housing bust. i am curious what you make of the Austin market. it seems the housing market in Austin is very strong. much stronger than several years ago when the coasts were doing so well. inventories down, sales up, prices up, time on market low. i must say i think houses are too expensive here now--not that expensive compared to the coast, but expensive relative to incomes (by this ratio, probably less than half as bad as the coasts, but still bad compared to Austin's own history). i don't know how people afford it. i guess nobody wants to retire anymore.