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: Think4Yourself who wrote (49478)	3/5/2006 1:35:24 AM
From: Les H	Read Replies (1) of 306849

I'm starting to see a lot of new projects in the 150K to 250K range. There used to be very little inventory below 300-400K last summer. Flippers were buying condos purchased at pre-construction for 300-400K and listing them for 450-600K. I'm wondering whether these are primarily conversions of apartments or the counties were pressuring the builders to construct new homes that were actually affordable for startups.

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