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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 (107362)	2/29/2008 3:54:26 PM
From: MulhollandDrive	Respond to of 306849

there is a limited market for 10K square foot houses ANYWHERE nobody is disagreeing with that you said that only 'executives' buy houses like that (for entertaining) as IF executives wouldn't be buying homes in markets like st. george... well they are the very high end market is doing pretty well here it's the $500k to $1M market that is being crushed, and not only here, but most other parts of the country as well...people buying those homes were the 'aspirational buyers' who for the most part had to really stretch to get into them and would not have been able to without the lax lending standards up until the credit bubble burst if you have cash, you will be able to buy some VERY nice homes with views for considerably less as that market continues to dry up, if you are so inclined