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

To: Tradelite who wrote (6943)	11/18/2002 10:50:41 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

..."fully valued".... Start running that in the adds. Fully valued house for sale. Stop that dreaming of owning your own home and pay what I'm asking.

To: Tradelite who wrote (6943)	11/19/2002 11:03:23 AM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

LOL....what I'm wondering is....those cities are "overvalued" compared to WHAT? That's a dumb statement in my opinion, no matter how knowledgeable it sounds. I don't remember the exact reasoning, but it had to do with job trends. Makes sense doesn't it? You do realize that almost any job in tech or financial services is not exactly on sure footing here, don't you? Seattle was also "overvalued" but I don't remember by how much. Obviously, he doesn't talk to many real estate appraisers.... Of course not, because then you'd get some fluffed up valuation during declining periods like now... kindof like the builder trying to sell a house for $830K around the corner from me... I'm sure its appraised for close to that but hasn't sold in 8 mos despite an open house every weekend. Lizzie