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

To: orkrious who wrote (171005)	12/12/2008 7:15:39 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 306849

for the local RE chronicles, the house that my wife used to live in with her ex and which she sold in 1984 is on the market. my wife sold it for roughly $92k. it's now a foreclosure listed for $102k. in many cases prices here are back to where they were 25 years ago. Whats really amazing about that, is that in 1984 92K represented a decent Northern California house. Not great, but ok. Something like this, sold for 103K in 83, peaked at 635K in 2007, now an REO for 500K (will probably sell for 520K or something since the REOs are getting multiple offers here). redfin.com So houses in MI have been flat for 25 years while in N California they have appreciated between 400-800%. Amazing and probably a look at what this area's future is.

To: orkrious who wrote (171005)	12/12/2008 8:27:18 PM
From: energyplay	Read Replies (3) \| Respond to of 306849

One real good reason to bail out the auto makers, at least for a few years - Right now, EVERY sector of the US economy, and almost every major country in the world has economic activity dropping fast. Two years from now, some sectors - maybe oil, technology, and road construction - will be expanding, and it is likely that China, India, and Canada will be growing. If the automakers go BK two years from now, there will be at least some new jobs, and the banks will be workng better by then. Going BK now means dragging down even the healthy parts of the economy. If the automakers go BK now, there are few jobs, and that may mean there will need to be a Federal Government 'make work' program. I would rather the employees kept building cars. Or the FED will have print even more money, which means eventual inflation.