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


To: MulhollandDrive who wrote (51145)3/30/2006 4:21:50 PM
From: Lizzie TudorRead Replies (3) | Respond to of 306849
 
500k plus homes renting for $1000/ish per month

Thats what we have here too, and all the millionaires are renting if they need to move, why not? Nobody is buying here except the poor folks who rely on the real estate profession for advice.

The decline is started my only question is how long this goes on.

That RE bulletin board is mostly whining from new investment homebuyers of new construction in places like Phoenix.