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

To: Sea Otter who wrote (105398)	2/16/2008 3:20:52 PM
From: MulhollandDrive	Read Replies (2) \| Respond to of 306849

i don't think the numbers are going to 'swell' i don't see a tsunami coming (despite the fact that we seem to be doing our best to incentivize one)....i'm originally from the midwest, there wasn't a RE bubble there....when it was said that there was not a national RE bubble, i tend to agree with that... but you've got CA, NV, FL, high speculation states, and even in those states, the froth didn't really get out of hand until the 2003-2005 time span (roughly) so people like myself (and frankly, MOST of the people i know) who bought years ago (still the majority) while not happy at all about losing asset value, are anywhere CLOSE to being 'distressed' or near foreclosure for every person that got sucked into the bubble and default, there's another buyer out there willing to take their $hit off their hands for the right price problem is we have a near conspiracy of dunces out there that are doing everything to keep prices artificially inflated, refusing to let market forces work