Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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: CalculatedRisk who wrote (36032)	7/22/2005 3:15:58 PM
From: Don Green	Read Replies (1) \| Respond to of 306849

Are you expecting free skating lessons?

To: CalculatedRisk who wrote (36032)	7/22/2005 10:43:15 PM
From: mishedlo	Read Replies (1) \| Respond to of 306849

really?

To: CalculatedRisk who wrote (36032)	7/22/2005 11:19:10 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

Isn't it possible no one in California wins the next cycle? Perhaps prices drip 15-25% in nominal terms but cost for everything including salaries and rents double. So holding brings a real loss of 65-75% but at least his payments stay pretty constant if he is locked into a fixed rate and is paying down his mortgage balance. By selling he will be paying much higher and higher rent with no chance of every getting back in as softer prices are more than offset by higher interest rates.