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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Ish who wrote (729282)3/5/2006 3:57:53 PM
From: CYBERKEN  Read Replies (1) | Respond to of 769670
 
Another way to put it: They are paying 350k for a 75k house.

It's not a positive trend. Fortunately it's already correcting itself...



To: Ish who wrote (729282)3/5/2006 4:00:48 PM
From: CYBERKEN  Respond to of 769670
 
One of the great things about "walking away", where it has occurred, is that the Greater Fool loses the house and the new owner is in at the price the house was worth to begin with.

It's "household starts" trumping "housing starts". And it's not only positive, it's essential...


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