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

To: Jim McMannis who wrote (84860)8/13/2007 1:32:09 AM
From: John ChenRespond to of 306849
 
Jim McMannis,re:"Most people still think RE never goes down
over time and if they can just hang on...."

This is probably true with the example I know of:
o bought in 1986 in Mass. for $260K-ish.
o lost money up-to 2000 spring.
o boom, make up all of it and then some in a span of 3/4
years for $450K-ish.
Numbers may not be exact. The duration of up-down-up is
pretty accurate.


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