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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 (10616)	5/9/2003 4:09:34 PM
From: MulhollandDrive	Respond to of 306849

691 and 484 per square foot respectively... such deals.

To: Lizzie Tudor who wrote (10616)	5/10/2003 6:44:58 AM
From: pass pass	Read Replies (2) \| Respond to of 306849

for upper level houses (over $1M), the correction may be 40% or 50% like you said, but I was talking about median price drop. I think the worst drop in the Bay Area for median priced homes is like 20%. I heard this from people who live there all their lives. Since you bought at the peak, are you interested in "averaging down" in the real estate market? I bought at the peak also and am getting enough cash to buy another property after the housing bubble bursts. It will continue to decline but I don't think the real estate will drop like the Nasdaq.