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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: CalculatedRisk who wrote (36032)7/22/2005 11:19:10 PM
From: John VosillaRead Replies (1) of 306849
 
Isn't it possible no one in California wins the next cycle? Perhaps prices drip 15-25% in nominal terms but cost for everything including salaries and rents double. So holding brings a real loss of 65-75% but at least his payments stay pretty constant if he is locked into a fixed rate and is paying down his mortgage balance. By selling he will be paying much higher and higher rent with no chance of every getting back in as softer prices are more than offset by higher interest rates.
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