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

To: DebtBomb who wrote (254592)	6/16/2010 11:28:29 AM
From: morokko65	Respond to of 306849

A lot of the low end multiple offers and first timers were FHA loans, and we know that lands buttered side down... I still think that the strength in the upper end is signalling something different. I talked to a lady looking to buy a high end house in a gated community in lieu of stocks & bonds, and then buy another cabin 6 hours north in Oregon with a well "for a plan B" She turns 66 next year and wants tangibles; she is 15% gold & silver... Few gold bugs in SF area I remember emailing Uncle Jimmy Sinclair and asked how Real Estate does in hyperinflation. Does is behave like a hard asset or a paper asset? (due to generally high LTVs today) His answer: good properties in historically desirable areas go up as safe haven; less desireable areas and speculative building developments plummet. I guess the RE market in Argentina would be a good topic of study on that issue