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Re: punkle post# 81885

Sunday, 03/02/2003 1:53:28 PM

Sunday, March 02, 2003 1:53:28 PM

Post# of 704044
Well, the latest data I saw showed median home prices still rising in the bay area. Although that probably just means there are more high end homes vs. low end homes. I don't really know.

I don't think 10-20% drop in home prices over the next few years could be considered a collapse of the home market. It'll become more of a buyers market, building will slow and even stop in some areas, but I wouldn't call it a collapse. I'd call it a correction. I know you didn't specifically call for a collapse, but many around the boards are.

ST: hibernating till Sept
IT: hibernating till Sept
LT: Bearish
It's over, yhoo said so.

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