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

To: RetiredNow who wrote (253597)	6/11/2010 2:38:36 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 306849

I think ECRI does fine ... but ... 1) they oversell their record (like calling the bottom for house prices in May 2007 - that was obviously wrong) and excerpting from their Nov 2007 release to make it sound like they called the recession (the opposite was true). 2) No one has a crystal ball. Otherwise they are fine. Best wishes

To: RetiredNow who wrote (253597)	6/11/2010 4:01:00 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

ECRI seems to be more it tune with what is really going on than most. I like that they are nonpartisan and don't wear permabull or permabear hats on their sleeves like most do. Lakshman was on CNN a few weeks ago and seems to indicate the modest recovery is on track to continue and will accerate over time. I myself have been expecting nothing more or less than an 'L' for now with either a new boom in a few years if rates remain so low or 70's type stagflation into the next decade. The housing bust and banking crisis are sideshows to fool the masses while the pros continue to take advantage of it.