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

To: mishedlo who wrote (56163)	6/15/2006 11:51:05 PM
From: Drygulch Dan	Read Replies (2) \| Respond to of 306849

No Mish, I think she is saying that the majority don't give a rats behind about what the few strapped people that will be affected by a mortgage crunch. The rest have other interests driving them, like staying alive, the grandkids, a hobby, or some such other pursuit. Perhaps even including trying to guess the direction of some esoteric market.

To: mishedlo who wrote (56163)	6/16/2006 10:23:10 AM
From: GraceZ	Read Replies (3) \| Respond to of 306849

So that means that 70% are completely at the mercy of the 30% that go bankrupt. If the price that I could sell my house were to get cut in half tomorrow (by the 30% you are sure are going to foreclose or go BK) the value my personal residence confers on me would still remain exactly the same. I've increased the value somewhat since I bought it (at a price one quarter that it would sell for today) by doing improvements and additions, but the rising sale price did not increase it's value to me at all. Consequently a fall in it's sale price won't effect the value to me either.