Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: John Vosilla who wrote (109027)	3/11/2008 11:02:36 AM
From: Think4Yourself	Read Replies (2) \| Respond to of 306849

I assumed he was talking overpriced compared to buyer's income. If zero down loans and 3% teaser rates were still available then current housing prices would be cheap. My parents are downsizing right now. Father was at a gym last week and buddy was talking how he wanted to move but house hasn't sold in over a year on the market. We have been in the home and it's a really nice place but he wanted $310K for it. Father said he was interested and how low was the guy willing to go for quit claim title transfer? Guy surprised him by saying $209K (a VERY good price even in today's market). My father replied with one word: "sold" Deals are getting done if the price is right. This deal took 10 minutes, start to finish.