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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: re3 who wrote (44120)	10/25/2005 7:57:50 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 110194

I just did a quick search and I would say the same ones are running 20-30% above the peak valuation in the late 80s, specifically I was looking in the Lakes Region of NH. Now newer condos maybe going for more, but not the ones built 20 years ago. Add ontop of that a $2-300/month condo fee for 20 years they are probably still under water from the peak. The thing to remember is those that didn't buy near the peak still got hurt as they went upside down on the loans. So what the price is today really doesn't matter if you couldn't afford to hold onto it. That is the main reason why things got ugly when the Feds came in and took over the banks and loans...