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

To: megazoo who wrote (106008)	2/21/2008 4:14:44 PM
From: Live2Sail	Respond to of 306849

The market has not left tech unscathed. And, if you lived in Silly Valley and were paid with funny money stock options, you currently feel like you have been knifed. Still, there could be more downside. It has put a halt in the housing market here. There's a standoff between buyers and sellers, and I think the realtors are saying to wait until the conforming limits are changed.

To: megazoo who wrote (106008)	2/21/2008 4:49:17 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

are you talking about stocks or houses? The problem is houses in the traditional desirable areas like the bay area and manhattan are indicating stagflation. Thats why they are holding up. It has nothing to do with the exurb mcmansions that Tol brothers built which were on lots worth nothing and are going back to being worth nothing. On this "give it time" angle, I have given it over a year. If we don't get any declines in the desirable areas by August of this year, it aint happening.