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

To: GraceZ who wrote (51516)4/6/2006 11:15:10 AM
From: John VosillaRead Replies (1) | Respond to of 306849
 
I bet your properties weren't worth more than perhaps a 12 GRM at the prior top. Now in CA most are now over 30 GRM..

First property I ever bought was a nice condo that bottomed at about a 6 GRM in 1992..

One thing seems to be a certainty. Rents continue to power higher as the years go by.. Perhaps the NAR will start using that line in the future<g>


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