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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 (84231)	8/9/2007 10:04:57 PM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

Yes. Early fall should bottom, but don't expect any thing more than sideways action for at least 2-3 years as the mess is cleaned up. Message 23607864 The spring "every damned thing is a potential LBO tgt" rally was the last ace up the mkt's sleeve that I nor anyone else could have possibly anticipated. It postponed the inevitable. But I still firmly believe the mkt belongs at 10600, where it was in 2004, and will get there in a snap. What a crazy mkt this is! Hoping those HBs don't hang in there through exp next week. Can't see that happening. Too much $$ and too many fools needed. I left Phila. area today, where it was scorching near 100 degrees yesterday, to visit mother in West Palm Beach. How do you people survive down here? I can see why this is the heart of the bubble. Literally every intersection is another huge development of 800-3000k cookie cutter homes. Lots of amenities, but there's got to be a limit for how many of these an area can support.