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

To: tejek who wrote (289186)	11/5/2010 1:02:35 PM
From: John Vosilla	Read Replies (1) \| Respond to of 306849

'Foreclosures are much worse in the suburbs than they are in the city of Seattle. I have suspected for some time that Seattle is becoming like SFO......the city is stronger than its suburbs and housing prices tend to be higher.....an unusual characteristic in this country.' I believe that is common in most metro areas of the country only exacerbated by the housing bubble and oversupply in the burbs. War zone type rust belt cities with white flight and only a huge underclass remaining like Detroit are the exceptions. Urban ghettos most anywhere are now dirt cheap however even in FL and I believe out in Oakland,CA too. Seattle might be about the only large city without a real ghetto..