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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: MulhollandDrive who wrote (84438)8/10/2007 11:11:17 PM
From: John VosillaRead Replies (1) of 306849
 
'i told my daughter to consider renting in the near term after she sells her place, she's pre-qualified for $1.2M (at least she was in july) and she's looking for a bargain and she expects to get it!'

Anyone that has got the income and net worth to actually afford $1.2M in mortgage debt should escape the rate race of those overpriced bubble markets if at all possible. Gonna be working long and hard for a long time in debt slavery there.. Quality of life at one third the cost is priceless. I expect cities from SLC to Raleigh and their surrounding burbs .. to really attract even more equity locusts and their employers from the bubble markets in coming years.. Does St George qualify as an exhurb of Vegas? Perhaps of SLC since it is in the same state?<g>
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