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

To: John Vosilla who wrote (224926)10/15/2009 10:19:10 AM
From: Smiling BobRead Replies (2) | Respond to of 306849
 
Detroit has homes for less than the cost of a few yards of topsoil. I'd expect parts of other overbuilt bubble areas to fall into permanent ghost-town status.

Replacement cost alone or implied negative land value wont protect RE. Even cash flow becomes challenged if the area gets too intolerable, undesirable, or just inhabitable.

In 10-20 years, Magic Mountain could become Fantasy Island



To: John Vosilla who wrote (224926)10/16/2009 11:59:18 AM
From: damainmanRead Replies (1) | Respond to of 306849
 
Practically-Free House? 12735 Rancho Heights, Pala, CA 92059:
bubbleinfo.com

Anybody interested in a mountain retreat?


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