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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (49913)3/9/2006 7:57:10 PM
From: Lizzie TudorRead Replies (2) of 306849
 
well, I am one who doesn't think quality properties will fall much more than 25%. Unfortunately that will *kill* many real estate "investors" just like a small market correction kills overleveraged stock market investors, especially since many have 0 equity at this point.

But otoh, the bottom rung of this property bubble, which would be the condo market, and lots of just general property in places like Phoenix, are going to be DESTROYED. But I am not talking about buying there. I am buying in silicon valley, an area that didn't get the same level of froth as say, Las Vegas or San Diego. I think a lot of nice places in SD or LV may not decline that much either, but the million dollar condos? those might be worth 380K by the time all this is done, seriously.
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