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

To: Skeeter Bug who wrote (238563)	2/16/2010 3:29:20 PM
From: Peter V	Read Replies (1) \| Respond to of 306849

"maybe your position is that rates will never rise - even as we enter the biggest worldwide funding crisis in history. but you can be wrong and so would do well to consider rising rates." What? You don't read very well do you? Here is what I wrote: In fact, I've said MANY times that rising interest rates will be the true death knell for housing prices. And if you had actually READ my prior post that I pointed to, I did concede that IE might fall a bit further, but less than coastal: So it's true, maybe the 2002 cities will have to get back to 1998 prices or so. But 1998 was only three years after the bottom in 1995. How much farther can they go? Appreciation from 1995 to 1998 wasn't that steep, not like 2000-2007. Thus, on a percentage basis, I stand by my prediction that the Inland Empire will fall less from here than the coast. It may still decline some, but it is likely to go mostly sideways from here. THe recovery may be very long and drawn out, and thus buying IE houses as investments may still be premature. I'm not sure who pissed in your cornflakes this morning, but continuing to insult me for stuff that I never said or implied is becoming annoying. .