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

To: redfish who wrote (21698)	6/16/2004 11:42:10 AM
From: Tommaso	Respond to of 306849

And then there are whole communities comprising hundreds of thousands of houses along beaches and in mountain resorts, houses that stand empty much of the year. A rise in mortgage rates back to the not-unheard-of level of 8% may bankrupt a lot of people. I have never wanted the bother of paying insurance, seeing to maintenance, worrying about break-ins, and so forth of a second house but if they got cheap enough I would at least think about it. One might at some point get a huge discount by proffering all cash.