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

To: Tommaso who wrote (100353)	1/15/2008 7:49:24 PM
From: Lizzie Tudor	Read Replies (5) \| Respond to of 306849

she bought hers 810K Dec 06, 1800 sq ft on a street where a 1600sq ft house sold for $900K in July 07, in fact this July 07 house was literally across the street. Prices have fallen since then, but houses are still selling in the area- for less than ask but not 100K less, and that would take her back to what she paid. In contrast every other asset esp stocks are crashing, interest rates are bad etc. I don't think every house here is holding but if its the "low end of the high end" which is what this was in Willow Glen, its a good deal. I just think this massive deflation of the dollar helps RE. The stagflation economy, thanks to Dumbya.