The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Wyätt Gwyön who wrote (15533)	12/19/2003 10:49:50 AM
From: Elroy Jetson	Read Replies (1) of 306849

The largest bubble in Los Angeles is in the low-end as well. Witness my friend who bought a $185k condo five years ago and just sold it for $465k. As you can't deduct the interest on a mortgage larger than $1 million, the bubble is concentrated in the homes under $1.2 million. The prices of upper-end homes, in the multi-million dollar category depend far more on stock market gains, which have been sparse. Thus they're not terribly bubbley.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next