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: Jim McMannis who wrote (272982)	9/2/2010 4:43:21 PM
From: Lazarus	Read Replies (1) of 306849

of course it would... ....prices would adjust DOWNWARD. <<<<What if there is a minimum of 20% down and 6% interest? Would it be affordable then?>>>> i always tell people that what they pay for real estate is more of a function of the cost and availability of money then "what the property is worth" the real estate bubble taught us that when money is cheap and sloshing around freely the price of real estate goes UP. today - THE MONEY IS EVEN CHEAPER - but there is no sloshing and its only available to the FEW.... and even getting them a loan is like pulling teeth.

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