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: Skeeter Bug who wrote (254570)	6/16/2010 12:26:35 AM
From: morokko65	Read Replies (1) of 306849

Yes, you are probably right... but we had one client just pay $2.5M for a house that came down from a construction cost of $4.2M in 2006-2007. They put $1M and financed 1.5M at 5.2% maybe it sheds another 30%, but there is the perception that current prices represent a value and that rates represent an opportunity, so we have price strength and a rebound in demand in that market segment for the first time in 3 years How durable this rebound is may be another matter I think eurozone woes send "safe haven" money to the USA and cause a blowoff top in treasury bonds, then the rug gets pulled here I think TBT and RRPIX will be the way to play this

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