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: X Y Zebra who wrote (33135)	6/11/2005 12:03:53 PM
From: bentway	Read Replies (5) of 306849

This is an example of what will happen to many RE "investors". In the dot com crash, people usually lost money they already HAD (at least on paper). I think this one will be worse, and much more widespread. When prices decline in the bubble markets, every speculator will find himself in these guy's position. Your advice to them is to keep paying and hold for 20 years? (post thanks to John Vosilla) Upside down on SFR in Vegas...running out of $$$ Posted by Brandon V. on June 09, 2005 at 17:59:54: Help! Any ideas, comments welcome. My partner and I are in a mess with a brand new house in Las Vegas. Here are the details. 1. AUG 2004, we paid $445,000 for a Pulte model in the community of Aliante, North Las Vegas. 2. 100% financed and still owe roughly the same. 2. Payment is $3000/month. 3. Currently could only sell for about $360,000. 4. Finally found tenants to lease out for $1100/month in APR to reduce neg cash flow to $1900/month. We are running out of cash quickly. We desperately need some ideas on how to get out of this house immediately. Thanks! real-estate-online.com

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