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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (203441)	4/20/2007 2:28:24 AM
From: MulhollandDrive	Read Replies (1) \| Respond to of 793900

lindy, there's a RE thread here on SI where we have been discussing the exponential rise of residential real estate over the past several years (and the unsustainable nature of those gains)....and the ramifications to the market and individual wealth the consensus on that thread (with a few minor exceptions, being realtors and mortgage bankers) is that there was indeed a bubble (not across the entire country, but certainly on the coasts and the areas fed by both coasts, i.e. vegas, phoenix) my own belief at this point (subject to change <g>) is that the bubble 'burst' is really going to be a slow bleed over years rather than a 'pop' (dramatic drop in valuations in a very short period of time) all of the arguments about why we are not japan do not seem to be holding true....we are not immune to one hell of an "L" shaped recovery