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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (1677)2/19/2002 8:19:46 PM
From: MulhollandDriveRead Replies (1) of 306849
 
You're missing my point entirely.

When I said "speculators" I meant that the real market out there for these dumpy $300 to $400K homes in W. LA are people buying to RENT, expecting to unload the property at a later time at a profit. My point is that the normal "market" (first time buyers) has already been "priced out" and therefore I think the speculation that is happening just *may* be indicative of a bubble.
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