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

To: KM who wrote (47778)	1/26/2006 9:54:41 AM
From: John Vosilla	Read Replies (2) \| Respond to of 306849

"Where do they come up with the down payment?" Silva said. "It's tough for young people to get started with prices the way they are." And where do they come up with the income to pay down a real mortgage? Jeez $350k for a basic townhouse. Selling my large waterfront home for $500k is a bargain. You think hip hop generation settles for basic townhouse? No way they want their McMansion at a good price next downturn after they've figured out RE can go down and they'll be coming to Plano soon enough buying up your mini McMansions<g>