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: Tradelite who wrote (60013)	8/15/2006 6:24:14 PM
From: Broken_Clock	Read Replies (1) of 306849

For homeowners a return to fixed rates 30 yr in the 5 to 5.25 range would help many. Problems are several. Can they get an appraisal to refi that 100% arm? Are they smart enough to take advantage should that happen? The first problem will be compounded by "investors" that are and will continue to bail simply because they never planned on having to rent their investment. The reality that rental income won't come close to covering the nut in SoCal, HI, FL, AZ etc. is a dose of reality. So many must dump. It is fairly typical now to see sellers on the 3rd and 4th price drop only to see NO TAKERS here in Kona. Sweat is beginning to glisten on foreheads as the hand shakily lifts that mai tai to the lips. -g-

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