Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (363073)	12/16/2007 1:41:08 PM
From: bentway	Read Replies (2) \| Respond to of 1579317

I moved to Salt Lake City in 2002, and bought a house there in a market that hadn't appreciated in years, for cash. Since then, it's value has tripled, but now, values have flattened and I expect depreciation in the next year. Which is why I'm going to attempt to sell this spring. I want to have the money to be a vulture. All RE is local, but these mortgages, rates, and the problems they bring are national. The flaky mortgage that let a middle class dude buy an overpriced house in S. Cal. let a marginal dude in SLC ( and everywhere ) buy a house he shouldn't have qualified for. I think it's just a matter of time until the bulk of the country is affected.