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

To: larry who wrote (4784)	8/28/2002 3:25:13 PM
From: ggamer	Read Replies (3) \| Respond to of 306849

70%????????????? Say good buy to our economy, capitalism, etc if that happens. The whole country will be in deep trouble if that happened. Few owned tech stocks but a big percentage of Americans own homes. I can not see for a minute home prices falling more than 30%. If prices did go down 70% the only winners will be a few baby boomers who own their homes and no mortgages. The rest of us will be on the streets. Tell me, if prices in BOS were to go down 40% wouldn't you be a buyer? In SF Bay Area, I have heard of many people who are waiting for a chance to buy a place with cash at hand at lower prices. GGamer