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

To: Lizzie Tudor who wrote (87280)8/27/2007 3:57:15 PM
From: Travis_BickleRead Replies (1) | Respond to of 306849
 
In the right location I would buy similar units in a heartbeat for $250k but these are very very far from being in the right location. If I thought it would sell out to actual residents I could see paying $65k for a unit but it will most likely be a ghost town. It is a far more appropriate site for Section 8 housing than for condos.



To: Lizzie Tudor who wrote (87280)8/27/2007 4:48:09 PM
From: Jim McMannisRespond to of 306849
 
RE:"It seems like most of the FLA RE implosions are for 800K condos and up."

Not really but it eventually will work its way up there. Those people can hang on longer it seems.



To: Lizzie Tudor who wrote (87280)8/27/2007 11:18:46 PM
From: John VosillaRespond to of 306849
 
Actually median priced single family in overbuilt submarkets of SW Florida have probably had the biggest percentage drop in the country so far. Can you top a 60% drop? Of course the NAR will tell you it's been only half that so far and our officials in DC will tell you it is only subprime which they can easily contain<g>


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