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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 (234195)	12/24/2009 12:22:33 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

>>But do you really think coastal urban CA, Seattle and NYC having another leg down perpahs in a couple of yeras is a big deal after what we just went through?<< absolutely! i live in socal and the value of my home is still over 80% higher than the price i paid in 1998. guess what? 1998 wasn't the low, either - 1995-1996 was. what is better now than in 1998? only interest rates. everything else is dramatically worse. if rates hit 7%, i think we may end up with a house less than what we paid for IN NOMINAL TERMS. maybe not, but i won't be shocked at all if it does.