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: Hawkmoon who wrote (110894)	3/17/2008 10:29:31 AM
From: MulhollandDrive	Read Replies (3) of 306849

Which thereby begs the question of what the value of YOUR home is and why you're still living there?? lolol!!! i'm RENTING here.... for a damn good reason could i have purchased 2 years ago? yep.... but i chose not to (understanding the nature of the RE bubble here) and feel completely comfortable with that decision my personal residence and commercial RE is in a different STATE.....(and no, i don't think it's going to zero either) i can tell you this much, i would not pay $350K for the house i was telling you about....there are at least 2 on the street that are marked down to $399....would not touch them either, frankly they are not homes i would chose to purchase for myself, and rents still do not justify even the $350k price tag on these homes as 'investment' property face it when properties sit on a market for well over a year, it's because there IS NO MARKET FOR IT AT THE PRICE.... is there a market? of course there is, but you need a TRANSACTION to demonstrate the price

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