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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 (106065)	2/21/2008 9:52:47 PM
From: alanrs	Read Replies (1) \| Respond to of 306849

How does that add up, you tell me Sounds like taxes will go up. ARS Edit: The auction company travels the country. Sister attended one in Vegas 2 weeks ago, large apartment complex turning condo, owned by contractor, 15 years old. 120 units sold at around 60% of what they were pulling in 6 months ago.

To: Lizzie Tudor who wrote (106065)	2/22/2008 12:07:44 AM
From: Live2Sail	Respond to of 306849

I don't think anybody with Euros is buying Barron park, but I think US citizens with dollars are running scared, and liquidating their portfolios and buying any real estate they can get their hands on in desirable areas, because they feel that all dollar denominated assets will collapse, particularly stocks which is what most people own here. We've got an 8.5 trillion dollar debt and 60 million retiring baby boomers, all of which will be receiving benefits GREATER than the average wage of the 2 people paying into the system to pay for their benefits by 2030. How does that add up, you tell me I think that there's a small percentage of people that can put that together. Then, the fraction of those people who can afford 1.5M dollar homes is smaller still. Currently, it's a matter of people who have money oozing from every pore due to stock options that are buying. If the easy lending does not persist (and now it looks like it's not going to be as easy as expected to raise the conforming limit) and the stock market stays down, even the hoity-toity areas will have issues.

To: Lizzie Tudor who wrote (106065)	2/22/2008 12:17:41 AM
From: bentway	Respond to of 306849

Just buy a house worth of GLD Lizzie. with a trailing stop, of course. It's volatile stuff, but the trend is UP. With a house, the trend could be down. The only house I want to own now is the one I live in.