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


To: bentway who wrote (14671)10/29/2003 2:41:44 PM
From: fattyRespond to of 306849
 
I think the sales will stale and the price will come down. Just think of how the renters vs the mortgagers fare in this situation. The renter can just get another apartment where as the mortgagers have to deal with the consqeuences. With rents so much lower than a mortage payment, it doesn't make sense to buy.



To: bentway who wrote (14671)10/29/2003 3:12:15 PM
From: GraceZRead Replies (1) | Respond to of 306849
 
Check out Oakland real estate in the areas that were burned in the Oakland fires. People have short memories.



To: bentway who wrote (14671)10/30/2003 12:38:50 AM
From: JF QuinnellyRespond to of 306849
 
It won't affect prices. You'll just see stricter building codes, like Laguna Beach enacted after its devastating fire back in 1994. On one street just one home was left standing. It was designed by a Japanese architect who had fire prevention in mind. A lot of his design innovations are now in Laguna's code.