The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: TraderC who wrote (21266)	6/4/2004 1:51:13 AM
From: David Jones	Read Replies (1) of 306849

>>>>>Malibu, $1,547,500.00, up 40.7% Beverly Hills, $1,420,000.00, up 37.9% Santa Monica, $751,250.00, up 41.4%<<<<< There's probably a ninety percent chance these were step up purchases by baby boomers who may of sold to some other step up buyer. Till ya get down to the first timer getting that needed rate. Most times if things go sour the poor are the first to have a taste. But this doesn't mean they'll see the largest percentage of sour.

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