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

To: John Vosilla who wrote (84598)	8/10/2007 11:56:08 PM
From: MulhollandDrive	Respond to of 306849

Anyone that has got the income and net worth to actually afford $1.2M in mortgage debt should escape the rate race of those overpriced bubble markets if at all possible. Gonna be working long and hard for a long time in debt slavery there.. Quality of life at one third the cost is priceless. she has no intention of going anywhere near a mortgage at that level.....and has a list a mile long of places to travel, she is very much into seeing new places and adventures....she has any number of other more exciting ways to use her money than a mortgage she wants a home with a layout that allows her to practice her music on her baby grand without sending her fiance' up to the corner bedroom/office for quiet<gg> basically they want a bit more space and no commute which in atlanta means staying 'inside the perimeter'....home prices are higher there, but getting softer, just not as soft as other parts of the city expect cities from SLC to Raleigh and their surrounding burbs .. to really attract even more equity locusts and their employers from the bubble markets in coming years.. Does St George qualify as an exhurb of Vegas? Perhaps of SLC since it is in the same state?<g> i believe it is still the fastest growing city in the country, though this market is getting soft right now too....prices appreciated well above national averages (though still bargains by CA standards) and now there is a ton of supply to be worked down.....not exactly an exhurb of vegas, but i see fair amount of nevada license plates here, though not nearly as much as california