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

To: J. P. who wrote (160529)10/27/2008 2:48:41 PM
From: Broken_ClockRead Replies (1) | Respond to of 306849
 
As a nearly free and clear homeowner i am pretty disgusted that those that partied are getting bailed while the prudent are getting decimated.

Dave may find his hard earned dollars vanishing at an amazing speed. rents are dropping about as fast as home prices here.



To: J. P. who wrote (160529)10/27/2008 2:53:05 PM
From: DaveRead Replies (1) | Respond to of 306849
 
Disagree. I think Real Estate comes down another 20% at least...

In general you are probably right. I bought at about 60% of what it would cost me to build an equivalent home. If the current Deflationary spiral continues, it might get a lot cheaper to build? I paid only 20% more for the house than the original 1992 construction price, so I feel confident that there isn't much downside from here.


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