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

To: 10K a day who wrote (86584)	8/22/2007 2:26:35 PM
From: Think4Yourself	Respond to of 306849

I see those California real estate postings from time to time and am puzzled. Who puts up the "loss" statistics, the listing company or the blogger? As a buyer, I don't care how much the seller is losing. It just shows they were foolish. All I care is if the house is priced properly for the current market. Did the ads put in profit statistics when the market was going up? Total Profit: $451,000 Asking Price: $1,799,000

To: 10K a day who wrote (86584)	8/22/2007 5:04:55 PM
From: John Vosilla	Respond to of 306849

'Sacramento flippers in Trouble' FLippers in trouble everywhere it seems except Silicon Valley, Beverly Hills and Manhattan<g> To call this just a Florida problem or Detroit problem at this point is very myopic thinking. And as for Florida most of the problems so far are overbuilding and too many speculators controlling all the vacant inventory precipitating a quicker,nastier fall in these areas like happened in Sacramento, Central Valley and Inland Empire in CA.. Most older neighborhoods with end users many of whom lived there before the bubble don't have the same problems quite yet. And the economy isn't that bad yet either.. The credit/lax lending issue now are surfacing everywhere and will impact neighborhoods with anyone stretched on ARM's whether they live in Silicon Valley with a $850k loan or Danville with a $60k loan.. It is just a much slower process when dealing with end users who are gainfully employed