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Strategies & Market Trends : Strictly: Drilling II
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To: Victor Lazlo who wrote (27359)2/4/2003 11:05:49 AM
From: Silver Super Bull  Read Replies (1) of 36161
 
Victor,

RE: <The higher end houses are definately taking longer to sell and are being repriced lower, but the middle and starter home segments won't get hurt much unless things get significantly worse economically, which i wouldn't rule out.>

I guess it depends what area you are talking about. "Starter" and "middle class" home values can fluctuate wildly depending upon area. In many "overheated" U.S. areas starter houses can be at $300,000 or more, having risen dramatically the last few years. I don't think they will be immune to declining home values.

DB
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