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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 (103084)2/2/2008 9:13:39 PM
From: PerspectiveRead Replies (1) | Respond to of 306849
 
Those were cyclical bears within a secular bull. I will be amazed if this isn't finally the launch of the secular bear - the unwinding of decades of credit expansion, reaching heights of stupidity I'd never imagined. Option ARMs for the average homeowner - LOL!

`BC



To: John Vosilla who wrote (103084)2/3/2008 11:25:29 AM
From: Lizzie TudorRespond to of 306849
 
california is A LOT different than 1990 this time
I don't know what to make of it.

The outlying areas are worthless, down to zero but the desirable parts are still high. Nothing like 1990 when high end real estate crashed.

I am thinking the difference is this decade is a BULL for Real estate and a bear for stocks, that is a secular bull for real estate, whereas the 90s was a secular bear for RE? I don't know if those things apply

Go Tom Brady from San Mateo!



To: John Vosilla who wrote (103084)2/3/2008 11:57:02 AM
From: SouthFloridaGuyRead Replies (3) | Respond to of 306849
 
They financials will bottom when they come clean with all the losses and/or the writedowns begin to diminish.

Seems unlikely with commercial real-estate, credit default swap blow-up, hung bridges, maybe a muni bond blow up or two, less transaction revenue looming and bloated staffs looming.

Everybody demonized the hedge fund industry these past years, but look where the real excess were...

To stay true to the real-estate aspect of the board, I keep asking myself if I am missing something as I do want to buy a place. However, sellers mentality is still arrogant here, albeit much less so, and the despair that usually marks bottoms is nowhere close.