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

To: BWAC who wrote (86562)	8/22/2007 1:15:50 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

I know but this is the high end. Tight credit much less of an issue. I know you can find an article here and there about somebody financing a 1.5mm house but that isn't normal. Most people put down 500K on these houses. The down payments are well over 20% which means there are other options for financing. This stock market which is not a great general market this year, is different than in the past. It is creating wealth again with IPOs and growth companies. Thats a powerful counterbalance against the housing depression that we haven't had in years.