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: Schnullie who wrote (49428)	3/3/2006 8:02:19 PM
From: George8	Read Replies (1) \| Respond to of 306849

I call this an excellent flip/trade. Daytrading (flipping) the RE market...a world wide phenomenon, when trade does not go as plan, get out right away, even with a small loss... :-)

To: Schnullie who wrote (49428)	3/3/2006 9:46:17 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

I actually think last summer (05) or maybe even last spring was the peak. Then prices hung around there for a while, while inventory added up, then we had the holiday season and the new year and now we are seeing the declines. The think is, I know people who got into 800K houses around my area, they put down maybe $175 and mortgaged the rest, I think in many cases these are going to lose 20% and that means the ENTIRE down payment which took how long to build up is lost. I told some folks to wait but they felt that they couldn't because they had kids that needed to get into the schools or other family needs so they couldn't rent.