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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 411.94-0.4%4:00 PM EST

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To: TobagoJack who wrote (9422)9/18/2006 8:00:37 PM
From: Snowshoe  Read Replies (1) of 218692
 
Real estate declines are not equal for all properties. In the crash here in the late 1980s, top quality houses in prime neighborhoods fell about 35% in value. At the other extreme, low-quality condos in bad neighborhoods fell up to 80% in value. The rest ranged between the extremes.

Condo prices tend to fall more in downturns, it's often easy to rent a similar or identical condo, and people tend to be less emotionally attached to condos than houses. So perhaps your mantra should be: "sell your condo", not "sell your house".

snowshoe@primeneighborhood.com

P.S. It might already be too late to sell!
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