Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Pogeu Mahone who wrote (164732)	11/16/2008 1:12:13 AM
From: bentway	Read Replies (1) \| Respond to of 306849

"first time buyers are getting their chance of a lifetime." That housing prices haven't stopped declining? That, in a depression, these first time buyers will just watch themselves go further and further underwater?

To: Pogeu Mahone who wrote (164732)	11/16/2008 2:39:13 AM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 306849

70% off isn't fair value in some markets. Besides 70% off of what? The fantasy peak market price, before the market imploded AND before the previous "owner" ripped out appliances, plumbing, copper wiring and took a dump in the kitchen sink for good measure? All yours......besides the first time buyers meanwhile have trouble getting a 20% down 30 year Fixed with a FICO of less than 700. So yes, they are still getting screwed, particularly since everyone in government seems to think falling residential prices are somehow the root of all evil.