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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (68066)8/11/2006 3:19:11 AM
From: kris b  Read Replies (2) | Respond to of 110194
 
The value of cash is rising.

In your market, but not in Vancouver, Canada. I am getting tired of waiting.

"Homes that cost $400,000 a year ago can be had for $300,000 now."

They would have to go down to $ 175.000 just to get to 2002 level. No bargains yet.



To: mishedlo who wrote (68066)8/11/2006 9:21:27 AM
From: russwinter  Read Replies (3) | Respond to of 110194
 
Homes that cost $400,000 a year ago can be had for $300,000 now.>

I can see that coming down the road, but where are you seeing this now? It's probably looks more like this:

2002: 275,000
2003: 310,000
2004: 360,000
mid-2005: 400,000 (peak)
mid-2006: 385,000, trend down
mid-2007: per housing futures? 370,000, may be too high, that's the big 64k question?
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