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

To: Amy J who wrote (46338)	12/30/2005 6:45:17 AM
From: KM	Respond to of 306849

I think the ones who buy are the younger ones. You can see by reading the housing bubble blog that most of them, for all their wanking about the housing bubble there, are desperate to buy and will on the first little down move.

To: Amy J who wrote (46338)	12/30/2005 10:16:00 AM
From: John Vosilla	Respond to of 306849

It actually sounds worse than it really is. For instance a lot of the Florida markets are 55-60% overvalued making the decline 35-40%. That's basically taking back the appreciation since the middle of 2004. I'm really surprised more markets didn't show up closer to Naples at 84% which would be a 55% decline. I bet if they ever do a study for affordability of the new condos relative to rents or income levels of it's purchase demographic it would show near 84% overvalued too<g>