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

To: DebtBomb who wrote (123447)	5/16/2008 8:45:21 AM
From: Giordano Bruno	Respond to of 306849

lol, let's hope they surveyed rich people.

To: DebtBomb who wrote (123447)	5/16/2008 8:48:43 AM
From: Jim McMannis	Respond to of 306849

Dues-Paying Homeowners Stuck in Foreclosure Mess Too - Housing Tracker seekingalpha.com -------- Quotes of the Day "You’re not going to be able to buy things for 50 cents on the dollar… We’re seeing anywhere from a 10% discount down to maybe a 35% discount.” – Frank Norton Jr., president of Gainesville-based The Norton Agency, on bank-owned foreclosure property auctions in Georgia. (Gainesville Times, May 14th) “At one time, foreclosures were so rare that appraisers and real estate agents would leave them out of the equation when comparing nearby properties to determine a home’s value. Real estate agents don’t want to use them, but when there are four foreclosures in a neighborhood, they have to.” - Jeff Webber, owner and principal real estate broker of Long & Foster/Webber & Associates in Winchester, Virginia. (Winchester Star, May 14th “What motivated people to go into the condo market in a way that led to overbuilding was the expectation that it would be easier than owning a home on a maintenance basis. The downside is that your fate is tied to 50 or 100 other people who may stop making their condo payments.” - Sam Chandan, chief economist at the real estate research firm Reis. (NY Times, May 15th