Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: GraceZ who wrote (11747)	7/25/2003 6:54:05 AM
From: TheStockFairy	Respond to of 306849

I think there's a % of people that stay put in their homes during a downturn because they are upside down. As you have mentioned before though, the vast majority of people do not move often so IMO although they have somewhat of an understanding of their home price is/was it was still a paper gain. Those are the individuals IMO that can pretty much sell at whatever price they want (of course they are going to try to make a profit off of their original purchase price) but the price they eventually settle at may not be what the preceived new price the new entrants to the housing market may feel is the correct market price.