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: John Vosilla who wrote (56128)	6/15/2006 12:02:46 PM
From: GraceZ	Read Replies (1) \| Respond to of 306849

A lot are like my father was, 12 credit cards all with a zero balance, living on air without even considering spending the equity in their houses. You'd be surprised at how many homes in poor city neighborhoods are 100% owned. Basically the neighborhood is stable because the houses haven't appreciated so no one wants to sell or buy. Eventually whatever the mortgage was it gets paid off. Maybe the crime rate is high and you just can't get a decent rate to borrow on these houses or the insurance companies have red lined them.