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


To: SouthFloridaGuy who wrote (120560)5/4/2008 2:03:46 PM
From: Jim McMannisRespond to of 306849
 
The Condo Owner's Dilemma
If You Want to Move but Can't Sell, You May Not Be Able to Rent, Either

washingtonpost.com



To: SouthFloridaGuy who wrote (120560)5/5/2008 12:08:54 AM
From: Lizzie TudorRead Replies (5) | Respond to of 306849
 
what are you talking about?

sanjoseproperty.com

on the right, click on
Palo Alto
Cupertino
Los Gatos
Los Altos
Mtn View

etc.

Theres a lot of money out here, and with the dollar crashing and no end in sight, people are putting it into real estate. Which is the same story in all the really expensive areas of the country.

"Most bay area counties"? LOL, whats that LIG. There are 4 counties in the real bay area- SF, Marin, San Mateo, Santa Clara. Santa Clara is the weakest market, and there are the results from the charts above.

BTW I just got an alert from a loan agent that 5% loans are back. The loan market is loosening not tightening.



To: SouthFloridaGuy who wrote (120560)5/5/2008 5:04:05 AM
From: 8bitsRespond to of 306849
 
You should let the California banks know. Most Bay Area counties are in the red/distressed zone and are requiring lower LTV's.

Much of SF and Marin counties.. no. About half of San Mateo county no, about 3/4s of Santa Clara county, no. It goes zip code by zip code.. or so I was informed by a mortgage broker.