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

To: Tradelite who wrote (71394)2/4/2007 1:37:40 PM
From: CalculatedRiskRespond to of 306849
 
If I understood you correctly, you can find $1 Million houses renting for $3500 to $4000 in your area.

That is a better ratio than California, but to meet LIG's ratio ($5K per $1Million), prices would have to fall to $700K to $800K. That is 20% to 30% below the current levels (if I read your post correctly).


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