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

To: Smiling Bob who wrote (109039)3/11/2008 12:09:51 PM
From: John VosillaRespond to of 306849
 
'I haven't seen it up here. .Prices down maybe 5-10% off of peak'

Perhaps you aren't looking in the right places..forget overpriced 2005 listings look for the motivated sellers. Even down here I see signs for acreage at bubble prices that are faded or homes in MLS priced at what the person paid for 3 years ago + 10% added for commission and closing while the house down the block that is an REO is priced 45% less. But hey maybe it still is tight there as you say like it was down here 18-24 months ago..just give it another six months<g>



To: Smiling Bob who wrote (109039)3/11/2008 12:11:58 PM
From: John VosillaRespond to of 306849
 
'The deficit continues to spiral. This Fed move is just another tactic to pump money- coming from ?- into the economy and stick taxpayers with some bad debt.
Correct me where I'm wrong.'

Stagflation with much higher rates is a big problem for the real economy if/when it happens. However if done in a gradual manner over many years it does wonders for real estate values and loss of purchasing power for those who think cash will always be king..


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