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

To: CalculatedRisk who wrote (72023)	2/12/2007 6:30:17 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 306849

I see downside price pressure on the large cheaply built homes and rising price pressures on smaller inexpensive homes. Folks will be financially forced to downsize. Many of those sellers will be people who way overreached financially for their version of the american dream, an oversized shack that looks like every other oversized shack in the area. Anyone with decent credit who wanted one of those things already has one (or two). Tightening lending standards coupled with rising interest rates means no demand and forced supply. The prices on McMansions are going to drop...a lot.