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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Skeeter Bug who wrote (233965)12/23/2009 10:45:37 PM
From: John VosillaRead Replies (1) of 306849
 
Sure a few parts of this country are still very overvalued and those artificially held up of late will probably slide much further when rates start rising. But do you really think coastal urban CA, Seattle and NYC having another leg down perpahs in a couple of yeras is a big deal after what we just went through? In my state folks who are on the ground would say you were nuts if you said prices were still high. Here is an example... some 2/2 condos that were say 45-60k 10 years ago and around 175-225k at the bubble peak can now be had in MLS at 25-35k. I can buy all day for half that and don't even want them. Perhaps in another couple of years.. but for now too busy with other more interesting ventures.
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