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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: ild who wrote (1089)11/29/2001 6:00:32 PM
From: TradeliteRead Replies (1) of 306849
 
Big houses will come down in price, of course. Prices of homes have never exceeded people's ability or willingness to pay for them. But as long as people can easily unload the lower priced homes and trade up, there will always be a market for the bigger homes. So far, it looks like anyone who owns a low-to-moderately priced home is destined to find a buyer without too much difficulty in metro areas. That keeps the wealth traveling upward, eventually.

By the way, during the last recession, the lower priced homes were as hard to sell as any other type.
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