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


To: mishedlo who wrote (48583)2/16/2006 10:35:26 AM
From: John VosillaRead Replies (3) | Respond to of 306849
 
"how can there be a crash in second homes without there being a crash in homes in general? "

Easy answer is people live in their homes. If you can afford your fixed rate payment plus you have a cap on RE tax increase why would you need to sell unless leaving the area. Now a second home or investment property that doesn't cash flow gets dumped fast like a stock.. I know of many selling Florida investment properties now that prices leveling off and seeing how high their RE tax bills are.