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

To: XBrit who wrote (138253)	8/1/2008 12:57:13 AM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 306849

japantown, where is that- 4th and taylor? I have been thinking that downtown area is a pretty solid investment regardless of whether you get the bottom of this cycle... you can get a pretty cool bungalow for 425K right now- slightly more than renting. My house is in a simlar area pricewise, to the east of Bird on the border of willow glen. the whole pricing thing is a hard call, because if you buy an REO you are buying lower than median pricing, generally. I havent' seen too much banks are willing to dump for under 400K except in East San Jose on story and king. So 400K could be a psycological bottom of sorts even for banks? I certainly don't regret buying mine, especially since rents are so high I practically break even.