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

To: JBTFD who wrote (18350)	3/9/2004 3:46:18 PM
From: Lizzie Tudor	Respond to of 306849

no. Properties are passed on to heirs. Yes quite the pickle in California, we're screwed. Thats why I doubt the coming real estate bust will be as bad here. We'll still get one, we've had them before but it honestly seems like about half the houses are owned by people like my former landlord who pay $600 per year property tax. She'd rather just keep the house empty than sell. The rental market in N. California has already crashed worse than I've ever seen it.