From: pacman2081@yahoo.com
Newsgroups: misc.invest.real-estate
Subject: Re: Finally! :)))))) RE market cools down!
Date: 19 May 2006 18:39:47 -0700
   posting-account=I-JEHwwAAAD5Ue0PYL-qHZ1PRqJPzh8K


johnsmith060@gmail.com wrote:
>
> I am pleased to see that the majority of overpriced areas (there are a
> LOT of them) will experience a nice 10-20% correction in the coming
> months.  It will definitely help to ease the pain of new homebuyers.
> My area is 3% undervalued, so I would guess that my home will only
> stagnate in value.  The national housing bubble will probaly be offset
> by the new construction of an interstate near me (not TOO near me
> however).  A lot of people living on the edge with home equity loans
> will be a hurtin', but that has nothing to do with me.
>
> Yours In Christ,
> John

Even in places where home prices do not fall the real estate will be
stagnant for a decade or so before incomes can catch up.