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

From: gcrispin	7/19/2005 11:47:40 PM
	Read Replies (2) of 306849

I know someone who had to move to Denver because her husband relocated there for work. She was a real estate agent in Santa Barbara. I asked her if she planned to sell her house and buy in the Denver market, but she said no. She saw no reason to buy there. They leased their house in Santa Barbara for two years. An article in the NY Times appears to justify her reasoning. nytimes.com An article in the LA Times today says price appreciation is slowing. latimes.com I think that is the view in my town. However, there is very little land available in coastal Santa Barbara for speculation. So I don't see a crash in prices. There is simply too much money chasing too few properties here. Also, there are many who simply own their homes with no mortgage. For example, all of my immediate friends and myself have no mortgages. So it is difficult to assess the severity of the decline if rates rose to a painful threshold.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next