SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: GraceZ who wrote (31499)5/18/2005 7:18:55 PM
From: TradeliteRead Replies (2) | Respond to of 306849
 
No more real buyers where you are? You should take some of our overflow.

Been stopped in my own front yard twice in the past week--once by a young lady who said she is living with her mother and wants to buy a house, did I know of anything going up for sale soon?

The second one was obviously a real estate agent who claimed to have buyers who want to live in my neighborhood, did I know of anything coming available? Pretty sure he was just fishing for a listing (although he might well have dozens of buyers for clients). Blew him off with the news that I was a broker and never ever heard a word about houses soon to come up for sale on my own street. heh heh...he couldn't get away from me fast enough.

It's a jungle out there. I feel sorry for buyers. They don't stand a chance in our market area.



To: GraceZ who wrote (31499)5/18/2005 10:21:07 PM
From: John VosillaRead Replies (1) | Respond to of 306849
 
Grace, I think long term interest rates were already falling in by 1992. Commercial market crash from overbuilding, 1986 tax law change eliminating passive losses on investment property and the collapse of the S&L's made borrowing for real estate next to impossible for many years.