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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: bentway who wrote (28101)3/12/2005 10:41:53 PM
From: orkriousRead Replies (3) of 306849
 
When these guys walk, they dump the houses on the banks, which sell them at a discount - driving prices down and increasing inventory. This won't be happening in the non-bubble areas.

sure it will. they said the same thing in japan 25 years ago.

there is a decent percentage of the population on ARMS and another decent percentage who require two incomes to pay a mortgage. there are going to be people losing their jobs and people who can't make the payments at higher interest rates. there are going to be more sellers at the margin then there are buyers, and it is going to go on for a long time.
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