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

To: 8bits who wrote (299004)	12/20/2010 10:21:09 AM
From: John Vosilla	Respond to of 306849

'Basically the bottom coincided with the bottom of the stock market, Spring of 2009' Thank you. Low prices and low interest rates are a good thing for most putting more money in people's pockets and allows the average Joe again to build substantial wealth again the slow old fashioned way. Those out there still upside down will probably be flushed out within a few more years and by then most RE will be in stronger hands with higher coverage ratio's and lower debt to equity levels than at anytime in over 40 years. Anyone continuing to bet against this is like the loser in the casino continuing to double down and we have a lot of those who now hate me around here these days. I still have my doubts the higher end, in many cases still way overvalued, can hold on especially if rates rise several percent and there are a lot of zombie loans in failed commercial centers that will need to be addressed in coming years..