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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (564)8/29/2001 7:29:41 PM
From: JRIRead Replies (2) | Respond to of 306849
 
Adding to last my post- I think that vacation homes/condos will be less effected in SoFlorida by stock bust than other areas. Foreignors represent a high % of 2nd home buyers, and many have/had limited funds in the market (or at least a smaller % than U.S residents), and certainly less in tech. Many have/had their wealth tied up in real estate or business or cash.

Also, there are some uber-wealthy types here that can take a hit, and keep tickin/lickin'....probably some modest shift from high-end to medium from folks that got their ports fried and are overleveraged...but nothing like Calif., NY or Boston, IMO...



To: patron_anejo_por_favor who wrote (564)8/29/2001 8:05:11 PM
From: Geof HollingsworthRespond to of 306849
 
Umm, one correction to my earlier post. I meant that credit officers should have to read Santayana, the 19th century philosopher, not Santana, the fusion/rock musician, although I guess a little Black Magic Woman wouldn't do them any harm.


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