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

To: SouthFloridaGuy who wrote (1526)	2/3/2002 12:52:44 PM
From: John Chen	Respond to of 306849

NYCB,re:"repo time". I'm sure there are quite a few people can take advantage of that: 'repo". So the 'higher the price of RE', the better for a certain groups of people because it increase the 'inventory of repos.

To: SouthFloridaGuy who wrote (1526)	2/4/2002 11:57:50 AM
From: Skeeter Bug	Respond to of 306849

>>That's exactly why I want a home too. But when the median family income of my area is $60k a year and the median house price is over $300k, something is amiss.<< in my area i think the median income is $45k and homes are pushing $300. i would move to another area. in fact, i moved out of the bay area never to return until housing is reasonable (maybe never). >>One person loses a job in that household and it's repo time; it's happening right now.<< that is the process by which $300k homes become $180k homes. -ng- stock options have been huge in fomenting the real estate bubble in certain areas. HUGE.