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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (48492)	3/22/2006 12:06:41 PM
From: John Carragher	Respond to of 116555

sounds like we could develop some kind of federal welfare program for rich in key west to help for their insurance.

To: mishedlo who wrote (48492)	3/22/2006 12:10:52 PM
From: patron_anejo_por_favor	Respond to of 116555

>>A new real estate website, Zillow, said her home is worth $600,000 range. In reality, she couldn't get $450,000 today for that house . . . and the prices are fast coming down. Zillow hasn't a real clue as to just how fast prices are coming down. Zillow can't tell you how many homes on the market are dropping their prices monthly just to get nibbles from buyers.<< Although I don't doubt for a second that RE values are falling, I wouldn't use zillow's numbers to support that point. There are a lot of weaknesses to zillow's methods, discussed extensively on the Real estate crash thread. I personally use it for entertainment purposes only....