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

To: James Hutton who wrote (204445)5/27/2009 10:08:41 AM
From: Jim McMannisRespond to of 306849
 
Yep, higher end stuff gonna crack.



To: James Hutton who wrote (204445)5/27/2009 10:10:54 AM
From: Think4YourselfRespond to of 306849
 
Realtors want the government to raise the government guaranteed loan cap even higher so these homes can be sold. It appears almost no buyers are capable of financially qualifying for a loan on these homes based on their own merits.

That says a lot about how much the people who want to live in these homes are worth, and it isn't much.

Buyers are the wannabe wealthy.



To: James Hutton who wrote (204445)5/27/2009 10:11:05 AM
From: MulhollandDriveRespond to of 306849
 
i just heard that too....unfrickin' real

the number of walk aways will be astonishingly high

this is all priced in though, right?



To: James Hutton who wrote (204445)5/27/2009 10:36:50 AM
From: patron_anejo_por_favorRespond to of 306849
 
That's because the sellers won't face reality. And I don't see it getting better any time soon with the next wave of resets on the horizon.


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