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

To: TH who wrote (173883)	12/27/2008 5:13:49 PM
From: tejek	Read Replies (2) \| Respond to of 306849

I have no doubts about your ability to properly access California real estate. Clarification: I don't have access to CA property.....my comments were based on the links you provided. I respect your expertise, but I'm looking at the macro variables and there is pain coming that most have never experienced ever in their lifetimes. You may well be right. I was only trying to provide another perspective. BTW LA did have riots in the early 1990s.......some of the worst in its history. Parts of the city burned for two weeks. The economy was crushed. I really believed it was the end of LA. The current economic malaise feels the same way. However despair is more prevalent....there are more people effected. Nonetheless, there are regions that are doing okay....not great but okay. So I think things have to be weighed out.......these days its way too easy to get too negative IMO. And I also know from the markets that when things get too bullish we are near a top and I believe the converse is true as well........when things get too negative we are near a bottom. And these are emotional issues......which can't be deciphered by crunching numbers. Again, just my perspective.

To: TH who wrote (173883)	12/27/2008 6:19:15 PM
From: Live2Sail	Respond to of 306849

Ha! I was going to say "It's different this time," but two people beat me to it. It's not really different this time, it will just take a heck of a lot longer for prices to bottom and to recover. The song is never the same, but sometimes the riffs are very, very similar.

To: TH who wrote (173883)	12/28/2008 10:40:53 AM
From: Poet	Read Replies (1) \| Respond to of 306849

Did I mention riots? There are going to be a bunch of them and they will scar large metro areas and impact housing values. I respect your expertise, but I'm looking at the macro variables and there is pain coming that most have never experienced ever in their lifetimes. Excellent, excellent post. You hit the nail on the head regarding the larger factors, which include demographics (baby boomers, pockets of immigrants legal and otherwise) as well as issues of food and water safety, the BKs of local governments, etc. Very ugly indeed.