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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 (113754)3/31/2008 4:02:20 PM
From: Broken_ClockRead Replies (1) | Respond to of 306849
 
From the article it doesn't appear that the home prices are that out of line from what they paid. The home that closed the same time theirs did...there is no way an agent would even know that. An appraiser might be able to scam that info from the sellers' agent of the home...



To: Smiling Bob who wrote (113754)3/31/2008 4:27:14 PM
From: BWACRespond to of 306849
 
Saw a sign at the beach in SC last week:

Zero Down, Take over Payments

2 year old Ocean front condo.

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Prices last year were 700k and 800k for a 4 br model like it. Looks like they were down to 450k to 500k per the sale ads posted near the elevator.

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Got further to fall as long as I can rent 3 months for 2.5k in early spring.


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