2) Is it possible to predict or be aware of a bottom in a specific RE market?
3) What do 3 tier’s aligning on a graph have to do with a bottom in a RE market???
4) What percentage increase did the median home price escalate to since 1998?
5) In the same time period, what was the median average salary increase?
6) What happens to businesses when its state taxes it to death to try to close the deficit gap in a recessionary period? Hint: Anybody seen Buck Knives?
7) What happens to thousands of people who lose their jobs and lose their home? What pressure does that put on home values?
8) Is a 200K residential property write down worse than a 30 million dollar commercial property write down (this is happening now) for a lending institution?
9) Who is going to lease Circuit City’s space now that they are gone? Linen’s and Things? Anybody want to start a retail store here with 60,000 sq ft lease?
The answers to these questions should help clear some things up here in this thread….if anyone thinks we are close to a bottom after answering these questions, I will at the request of SD, move back to Ohio next week…..
