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Pastimes : Is a Real Estate Downturn Coming? -- Ignore unavailable to you. Want to Upgrade?

To: TheStockFairy who wrote (37)6/26/2001 2:26:41 PM
From: Alomex  Read Replies (1) | Respond to of 91
 
I think housing prices will fall across the nation. Marginally in most places (around 10-20%) and down to below half in the really hot areas (Sillicon valley and such).

IMHO it is wise to wait until the Fall. But then again what do I know? I don't have a crystal ball.

You make your own decision. ASDA.



To: TheStockFairy who wrote (37)6/27/2001 11:16:14 PM
From: J Gunn  Read Replies (1) | Respond to of 91
 
Stay Flat for 10 years?!

I built a 2752 sq ft home in 1991,Corian,Sub-Zero freezer and separate refrigerator,Hot tub,gazebo,hardwood floors,13,000 sq ft hillside,city lot. Total Cost after landscaping, etc. $255,000. Just accepted offer, after adjustment for carpet and L-P SIDING, $241,100.

Not every home appreciates in value. Land maybe, but house depreciating asset.


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