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

To: TH who wrote (25612)12/4/2004 6:34:06 PM
From: David JonesRespond to of 306849
 
>>>>>-There are no "good" jobs in Detroit. Period.<<<<<

That says it all.



To: TH who wrote (25612)12/4/2004 9:38:57 PM
From: Amy JRespond to of 306849
 
RE: " but now I should expect 90 days "

During the auto bust of the late 70s, I recall homes would normally sit on the market for at least one year and sometimes even two years. Anything less than one year was considered excellent and rare. I don't recall a single home selling within 90-days.

When one of the homes sold after "only" 6 months, people said the downturn was over and breathed a sigh of relief.

Just a little perspective. Things could get a lot worse.

Regards,
Amy J


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