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

To: bituli who wrote (4817)8/29/2002 11:03:20 AM
From: JakeStrawRead Replies (1) | Respond to of 306849
 
>>A piece of real estate worth $200,000 may go down by $40K, but a high end 10M property may >>devalue by more than 50%.

I personally feel that there are so many variables that it's hard to make generalizations like that..



To: bituli who wrote (4817)8/30/2002 2:06:25 PM
From: David JonesRead Replies (1) | Respond to of 306849
 
...depends on type of real estate...

Depends on your market. Here in Alameda county Calif during the last recession the mids lost 12% and the highs lost 23%. The papers would update these numbers like once a week just to remind us not to feel good.


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