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

To: SouthFloridaGuy who wrote (98775)1/2/2008 4:15:00 PM
From: Broken_ClockRead Replies (1) | Respond to of 306849
 
U may be right. I spoke with a friend yesterday that is unable to refi their subdivision. 19 lots, sold 5 avg price 500k. Owe 1.7mil but bank is calling the 1.7 w/o any extension. 12 lots now toxic at around 150k debt per each lot. Market is totally seized up.



To: SouthFloridaGuy who wrote (98775)1/3/2008 10:57:14 AM
From: $MogulRead Replies (2) | Respond to of 306849
 
New York Avg and median sales prices were up huge this month, wow.



To: SouthFloridaGuy who wrote (98775)1/3/2008 12:11:19 PM
From: John VosillaRead Replies (2) | Respond to of 306849
 
'Nothing in the last 35 years is comparable to 73/74. I think this will be'

I see CNBC pumped the Manhattan housing market one more time today as one of the last markets still shining brightly.. How many there living beyond their means with zero savings even with $250k annual salaries during this recent bull market and their fully leveraged million dollar condos?


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