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

To: John Vosilla who wrote (109037)3/11/2008 11:32:28 AM
From: Think4YourselfRespond to of 306849
 
I agree. We are playing an entirely different housing game now than we were a year ago, largely due to the tightened credit standards. Prices must come down when interest rates or credit standards go up. Anyone hoping prices are going back to where they were even a year ago is dreaming.



To: John Vosilla who wrote (109037)3/11/2008 12:24:30 PM
From: bentwayRead Replies (1) | Respond to of 306849
 
"Back to 3 times income, PITI at 30% of income and actual down payments..what a concept."

But, but, what about the "Ownership Society"? How will people buy houses at all in S. CA?



To: John Vosilla who wrote (109037)3/11/2008 2:51:18 PM
From: TheStockFairyRead Replies (1) | Respond to of 306849
 
3x income? I would never be able to live in a $12,000 house.


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