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

To: ild who wrote (24443)	10/12/2004 12:19:09 AM
From: Proud Deplorable	Read Replies (1) \| Respond to of 306849

"IMO the price that would result in quick sale - $450,000" Only an idiot would buy desert homes at that price. Try 2001 prices because thats where they are headed. Now is the best time to do nothing and wait if you are a buyer. If you bought houses as an investment in most markets in the USA, especially on the coasts, this is the best time to run for the exits as fast as you can to preserve your gains and your capital. There is no way in a month of Sundays that home prices will continue up from here. The market has run out of 'greater fools'.

To: ild who wrote (24443)	10/12/2004 5:38:29 AM
From: Wyätt Gwyön	Respond to of 306849

thanks for the summary. 450K does not seem bad at all if somebody bought 5-7 yrs ago. if you bought any more recently, why do you need to sell? oh yeah, people flip houses now in their spare time.