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: Oblomov who wrote (38795)	8/22/2005 1:36:42 PM
From: CalculatedRisk	Read Replies (1) of 306849

The overall numbers are interesting and I've looked at them. But I'm more concerned with the marginal buyers. There have been recent stories showing 20% of buyers pay more than 50% of their Gross income (not disposable income) for housing in California (over 10% of buyers nationwide)! Those are the people that will get in trouble first. Since prices move at the margin, when enough of the highly indebted (and probably highly leveraged) buyers start to sell, the prices will drop.

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