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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 (105507)	2/17/2008 8:54:19 PM
From: damainman	Read Replies (2) \| Respond to of 306849

There's an REO in my area(Salinas,Ca.) asking 399K for about 2300 sq. feet. Sold in Oct. 2004 for 615K. Summer 2005 asking price on similar home was about 725K.

To: Lizzie Tudor who wrote (105507)	2/17/2008 10:27:47 PM
From: marcher	Read Replies (1) \| Respond to of 306849

"...the wealthier it gets the better..." reminds me of the study showing a positive correlation between academic test scores and zip code. schools in wealthy areas have high test scores. the naive belief is that high test scores are due to better instruction. or, are you simply showing a preference for the washed? unwashed be gone! -g- cheers --marc

To: Lizzie Tudor who wrote (105507)	2/17/2008 11:56:02 PM
From: Sea Otter	Respond to of 306849

It will be so interesting to see whether valley RE falls. I'm still of the opinion that we're largely decoupled from the disaster elsewhere and that values won't fall much. It would take a quasi-depression to change the valley dynamic, imho. Although of course anything is possible!