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

To: Jim McMannis who wrote (209824)	7/9/2009 12:08:13 PM
From: MulhollandDrive	Respond to of 306849

look at those taxes indeed....and the number of days on market... D.E.N.I.A.L. , those prices and taxes are purely and simply unsustainable...no one in their right mind would buy that cracker box for anywhere CLOSE to that price mark to myth continues....looking at that place makes you realize just what FOOLS ERRAND trying to prop up this rotting corpse of a housing market.... Watch the prices on expensive properties fall, folks. When the upper end crashes, it will put even more pressure on people with tiny cottages, condos and townhomes who are still living in la-la land and asking $350,000 upwards for places which sold for $90,000 less than a few years ago. he's exactly right. of course we have good ole barney fwank pimping for the RE industry looking for ways to funnel more taxpayer money into the fraudulently valued market