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: GraceZ who wrote (81680)	7/23/2007 10:32:42 AM
From: John Vosilla	Read Replies (2) of 306849

'At any rate, that price he could sell it for immediately is still 3.5 times what the house sold for 12 years ago and 60% higher than 2004 prices' Grace it appears much worse than that now. Back to 2003 prices for those most motivated based on MLS listings and at most only 40-50% higher than prices 12 years ago when a house like that was $75-80k.. Yields are only 2% at best due to very high RE taxes and insurance and a plunge in rents assuming you can even find someone with a pulse.. Well we really have a residential RE crash now.. What was this 2004 home now asking $113k worth at the top? $250k+ perhaps? homes.realtor.com leepa.org

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