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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (104666)8/25/2009 1:32:50 PM
From: dave rose  Read Replies (1) | Respond to of 110194
 
<<Worst hit condos I've seen were conversions or new construction as high as $200k during the bubble and now sell in the $20's all cash deals that are almost impossible to finance so almost down 85-90%>>>>

Can you give me some examples of this kind of sell-off?



To: John Vosilla who wrote (104666)8/26/2009 2:22:50 AM
From: Gib Bogle1 Recommendation  Read Replies (1) | Respond to of 110194
 
It's worth mentioning that there are winners in a crash like this. I don't mean vulturish speculators, I mean young people who previously had no hope of buying but now see prices getting into their range.



To: John Vosilla who wrote (104666)8/26/2009 8:36:13 PM
From: loantech4 Recommendations  Read Replies (1) | Respond to of 110194
 
<Worst hit condos I've seen were conversions or new construction as high as $200k during the bubble and now sell in the $20's all cash deals that are almost impossible to finance so almost down 85-90% I'd say is a crash beyond belief.>

Do you have any links in the 20's and are these okay neighborhoods?


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