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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 2 Feb 2005 10:08:35 -0800 /

Author of the message: "ElaineJ"

Title of the message:
Re: Will home prices fall?

Text of the message:
Don Zimmerman wrote:

> "Oradba Linux" <techiey2k3@comcast.net> wrote in message
> news:jdydnQteQeN2xZ3fRVn-pg@comcast.com...
>
> > What can make the home prices fall?
>
> In the several cities where I have lived in the past 20 years I have

never

> seen home prices fall. They have stayed flat for several years at a

time,

> but then continued upward after a while, sometimes in sudden spurts

of quick

> growth. I am inclined to believe that most cases where prices

actually

> decline are the result of some special situation, like a factory

shutting

> down, or an environmental crisis, etc.,and I believe these things are

more

> likely to affect small towns and smaller cities than large urban

areas. Just

> my opinion.

Thanks, this is very interesting.  From everything we've ever read or
heard, you're right, the total size of the housing market does



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