believe team usa has the absolutely the largest prison population, which in relative terms would be huge if true
just in in tray re sausalito real estate - i observe that such price falls are routine in hk, but the difference being in hk we do not have second mortgages on homes, and we never got on with any securitized mortgage market on top of which one might find an entire financial superstructure of layered derivatives
at the mo we are experiencing a real estate 'correction' of perhaps 10% from some sort of high (unsure as measured from what level at which date)
From: r
Sent: Monday, December 19, 2011 10:37 PM
Subject: Re: Comments - Week of Dec. 19
An interesting data point from my old neighborhood in Sausalito-my neighbor put home for sale at 3,350,000 three years ago, gradually whittled down in price-off market -on market, again and again. Last -to asking 2,350,000 and now just accepted 2,100,000.
Looks brutal- I took all cash asking offer at 1.450,000 (made some $ despite and felt extremely lucky to have exited the market in July)
On Dec 18, 2011, at 8:22 PM, M wrote:
> Checking the Knoxville Real Estate stats as I usually do.
> Historically, about 10% to 12% of all homes are sold for cash.
> But in November, a whopping 27.8% of all homes and condos sold for cash.
> My data goes back to January 2000 - and this is a new record.
>
> I don't know if this reflects conservatism or inability to get a mortgage to buy a home...
> Avg. home prices have been relatively stable for the past 2.5 years at $172,000 plus or minus $3,000...
> More later....
>
> M |
