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

To: Lizzie Tudor who wrote (5557)	9/24/2002 3:01:39 PM
From: Rob Fritz	Read Replies (1) \| Respond to of 306849

I live in San Jose and there are tons of homes for sale. The low-end (500k isn't mid-range) houses still do sell, but only if they are in good shape and have been updated. Many in my neighborhood are being repriced lower...of course, going from 1.2mil to 900k doesn't make much difference...600k still only gets you a condo size house.

To: Lizzie Tudor who wrote (5557)	9/24/2002 4:45:51 PM
From: brushwud	Respond to of 306849

I own 2 houses and I'm bracing for a decline, I just hope I can get my property taxes reassessed. I did this in 1994 and the reduced assessment stuck for about five years. It seems to me that the deadline for filing is right about this time of year. I got the form from the assessor and he actually spent a little time at the counter going over recent sales, so I had a good idea of what a reasonable request would be when I filed.