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


To: Jim McMannis who wrote (3252)7/8/2002 4:08:26 PM
From: MulhollandDriveRead Replies (2) | Respond to of 306849
 
I'm not sure I buy that wrt cash or big down payments from last homes...

the shack I posted for $300K is unquestionably a "starter home" <g>

people buying homes in this range ( in those conditions) seem desperate to "get in" before prices escalate further.

the push now is to find ways of funding the nonqualified borrowers with little or no down payments..

because you are correct...the ponzi scheme collapses without the first time buyer.