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To: montag813
There are many factors such as how much the economy is going to weaken. Will the weak economy cause a big sell off in stocks? Will that cause money to rotate into real estate as it did when the real estate boom began? Will the weak dollar bring foreign investors back? We are already seeing builders and lenders backing out of new projects. Current supply could be mopped up quickly. Perhaps a double top in real estate? I can only guess.
20 posted on 08/21/2006 7:45:59 PM PDT by Moonman62 (The issue of whether cheap labor makes America great should have been settled by the Civil War.)
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To: All
I know this will come as a shock to some, but real estate contractions always follow real estate expansions. I started my real estate career in 1984, just as my area entered the worst real estate market since the Great Depression. I saw some properties go from $90k to $28K, though the average decline was 20%. We survived, and I'm still selling real estate. Market is mixed here, depends on the type of property and the location. Good market, bad market, just means a different plan of action.
21 posted on 08/21/2006 8:00:34 PM PDT by SaxxonWoods (Free Iran! WARNING! Forbidden Cartoon: .. . *-O(( :-{>. . . .)
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