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

To: Think4Yourself who wrote (109028)3/11/2008 11:28:29 AM
From: John VosillaRead Replies (3) | Respond to of 306849
 
Folks perception on what value is today are changing to the reality and tighter credit put the nail in the coffin for the remaining bubbleheads except in a few remaining markets like the Bay Area, NYC ect... Back to 3 times income, PITI at 30% of income and actual down payments..what a concept.<g>



To: Think4Yourself who wrote (109028)3/11/2008 12:24:15 PM
From: Pogeu MahoneRespond to of 306849
 
This market could clear if people did what your dads friend did, but how many can mark down over 33% and be solvent?


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