9590 E Ironwood Square Drive.

Suite 110

Scottsdale, AZ 85258

Phone: 602-571-5000

Fax: 480-240-6011

Web: azrealestatesource.com

Email: rlong@azrealestatesource.com

The bubble has burst!

How low will prices go?

Who is to blame?

Robert F. Long is an seasoned real estate broker that has over thirty years of hands on experience in real estate brokerage, land development, construction and navigating through real estate storms.

As a broker, builder and then as an asset manager for the Resolution Trust Corporation, he had a unique window through which to study the banking and real estate crisis of the 1980s. The problems were of a magnitude not seen since the Great Depression.

In March of 1990, Robert was called before the Committee on Banking, Finance and Urban Affairs, House of Representatives, One Hundred First Congress to give an overview of the Arizona Real Estate market and explain the causes behind Arizona’s greatest building boom and the following bust.

In early 2004, he saw many of the same conditions that led to the bubble of the 80’s. Using information derived from the 80’s and his knowledge of the current market, he created seminars to warn of the coming real estate crisis.

Now that the Bubble has burst, the question is “How low will prices go and who is to blame?”

Robert F. Long