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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: valueminded who wrote (34796)8/3/2005 1:42:43 PM
From: regli  Read Replies (1) of 116555
 
>It is interesting, to note that there have been several articles in the local business section about all cash buys in this area from equity obtained in the sale of prior homes in California.<

There is anecdotal evidence of this all over. I believe that once the bubble pops the after effect will also be felt everywhere. Clearly the declines will be lower in some areas than others. However, I expect a minimum decline of 50% in just about ALL areas.
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