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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: RockyBalboa who wrote (204136)5/25/2009 2:09:01 PM
From: patron_anejo_por_favorRead Replies (4) of 306849
 
My own observation (re: Phoenix) is that rents are plummeting. So a lot of the funds are going to have their cash flow assumptions sorely tested, then they are also going to have their appreciation assumptions tested by the next wave of mortgage resets leading to defaults leading to foreclosures over the next 2-3 years. And that's even if employment remains stable which is a huge assumption in itself for Phoenix......
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