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

To: Tradelite who wrote (4688)	8/26/2002 8:16:43 PM
From: bozwood	Respond to of 306849

You're incapable of responding to a direct question, I believe. I haven't a clue where you are coming from nor where you are going, but it is usually wherever you want to go. I may be stubborn, but even I am finally realizing it's useless trying to communicate with you.

To: Tradelite who wrote (4688)	8/26/2002 11:40:40 PM
From: fatty	Read Replies (1) \| Respond to of 306849

"If the market price of your home should fall by 20-25 percent, but the next buyer has to pay higher interest to own it, that buyer won't come out much or any better than you, financially." that's what real estate agents want you to think. the stark reality is that real estate is overpriced by any comparisons you can imagine. these days, people are paying lot more money for far less land. doesn't make much sense to me.

To: Tradelite who wrote (4688)	8/27/2002 10:11:11 AM
From: Tradelite	Respond to of 306849

washingtonpost.com _______ Some interesting figures in that story: <<.....But while Americans have more debt than ever, the ratio of servicing those debts compared with incomes has gone down because of low rates. And the average equity an American holds in his home has remained stable at about 55 percent of the value of the real estate, figures from the Federal Reserve Board show. Even with the advent of new low-down-payment schemes, the average down payment on a new mortgage is up to about 24 percent from 20 percent in 1995, according to figures from the Federal Housing Finance Board.>>