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

To: MulhollandDrive who wrote (108294)	3/7/2008 11:07:33 AM
From: John Vosilla	Respond to of 306849

Exactly..even down here areas of built out single family land constrained areas solid middle to upper middle class without new construction and thus fewer motivated bagholders desperate to sell have fallen a lot less than the ground zero far overbuilt single family areas and condos..we are talking 15-30% versus 50-70% Now the subprime differential is real as those areas usually at the lower end, even though they are built out, have crashed and burned as those folks were really taken to the cleaners and are far worse at managing money..