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

To: MulhollandDrive who wrote (84434)	8/10/2007 11:15:43 PM
From: John Vosilla	Respond to of 306849

'i'll take manhattan! he was absolutely convinced the credit crunch will not affect prices there' I'll disagree with him and the SF Bay area folks here who don't think it will happen there either. Only a question of what part of the drop will be price and what part will be dollar debasement. Nominal collapse not likely. These cities worth watching now cause they are the clues as to what extent housing will be saved at the expense of our currency.. Entirely possible the drop is limited to 10-15% in nominal terms but 50% in real terms over a long cycle..