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

To: Jim McMannis who wrote (86620)	8/22/2007 5:05:00 PM
From: 10K a day	Respond to of 306849

LOL

To: Jim McMannis who wrote (86620)	8/22/2007 5:50:23 PM
From: John Chen	Respond to of 306849

JimMcMannis,re:"SV not going down". Even bubble area has un-intended side-effect. To protect the family's identity, let's say familyA owns a bless-priced house, appreciated from $250k-ish to over $1M, that's couple of years ago. Didn't want to know the current price (jealousy in play here). FamilyA has 1 son, graduated and worked in the same vicinity and rushed out to buy a condo (with interest only loan, hope it is ARM (g) ), before it's too late. Acutally the parents paid the down-payment and co-sponsor the loan since Junior is not making enough and waiting for the inheritance. Now the family is stretched out, depressed, hated themselves joining the parades of googolians, the CEOs, the blessed, the elites since the condo is not apprciated as fast as it "SHOULD and NEED TO BE".

To: Jim McMannis who wrote (86620)	8/22/2007 6:14:24 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 306849

more floridians than anywhere else which is to be expected given the center of the crisis

To: Jim McMannis who wrote (86620)	8/24/2007 11:35:14 AM
From: John Vosilla	Respond to of 306849

'..not everyone can be experiencing a meltdown at the same time. Sorry about your luck but that's just the way it goes' Funny. I bet Florida and even Sacramento bottom out many years before the Bay Area. More than likely they have a slow slippery slope grinding down like much of the 1990's.. Different areas have different dynamics/different triggers. The overbuilding/speculative nature of many areas with vacant land prime for development caused the initial crash. Now the credit blowup couple with still insane valuations in other areas insures it in every bubble market..