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

To: MulhollandDrive who wrote (1676)2/19/2002 8:16:05 PM
From: TradeliteRead Replies (1) | Respond to of 306849
 
Don't underestimate the *foreigners with funds*.....I've met people with menial jobs who have saved, saved, saved and can afford a decent home in my high-priced zip code (McLean, VA) on cash alone. Cash is the name of the game for some of these folks, and there are many with lots of it.



To: MulhollandDrive who wrote (1676)2/20/2002 1:45:49 AM
From: Skeeter BugRead Replies (2) | Respond to of 306849
 
mrs peel, the marginal buyer drives market prices and many, many, many marginal buyers have tons of *cheap* stock option money to throw at a home...



To: MulhollandDrive who wrote (1676)2/20/2002 9:23:44 AM
From: JoanPRead Replies (1) | Respond to of 306849
 
<It's only a "steal" if you consider paying $300K for a dump is a "value."

The real value is in the land itself. The dump can be remodeled or torn down. The house itself does not appreciate in value; it's the land that house is sitting on which appreciates in value.


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