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

To: Elroy Jetson who wrote (23297)8/16/2004 6:04:00 PM
From: SouthFloridaGuyRead Replies (2) | Respond to of 306849
 
Is that nominal or real? How does this compare with say California.



To: Elroy Jetson who wrote (23297)8/17/2004 1:43:59 PM
From: AhdaRead Replies (2) | Respond to of 306849
 
The major difference is that here we will walk away from property that has depreciated below the purchase price. In Japan there was sense of honour that prevailed where debt is something you do not walk away from.


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