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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: loantech who wrote (50059)1/18/2006 2:42:48 AM
From: John Vosilla  Read Replies (1) of 110194
 
Well here is one for sale in Casa Canyon at $275k

realtor.com

One for rent almost identical in Casa Canyon for $1400/month

realtor.com

Current GRM is 16.4 Take it down to 8 and even that is a 50% haircut in Palm Springs.

That GRM isn't real bad as most coastal cities in CA are now 26-34. New high end condos in Florida are also in the high 20's..
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