tag:blogger.com,1999:blog-1207581886255094115.post7560839339920780332..comments2024-02-26T05:51:17.859-05:00Comments on Economic Disconnect: "Normal Demand": I do not think that means what you think it means!EconomicDisconnecthttp://www.blogger.com/profile/02802078645713106743noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1207581886255094115.post-69066201011265193952007-11-17T21:45:00.000-05:002007-11-17T21:45:00.000-05:00Ted,Here is a good paper on real estate boom- bust...Ted,<BR/>Here is a good paper on real estate boom- bust cycles it looks like to bust duration on average is equal to the boom phase.<BR/><BR/>http://www.bis.org/publ/bppdf<BR/>/bispap21d.pdf<BR/><BR/>Hope the link works.<BR/><BR/>I saw this in CA in the 90's where I lived. Here are the prices of a new home and the results.<BR/><BR/>02/26/1993: $81,500<BR/>03/03/1995: $15,000 <BR/>12/10/1997: $85,492 <BR/>06/03/1998: $63,000 <BR/>10/19/2004: $173,000 <BR/><BR/>One of my kids bought this in 98 for 63,000 they sold it in 04 for 173,00 it then went on to a value of 268,000 in 06. I fully expect to see this fall back below 173,000before this is all said and done currently it is valued at 206,000<BR/><BR/>KevinAnonymousnoreply@blogger.com