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

To: hdl who wrote (305073)	4/12/2011 8:01:26 AM
From: SouthFloridaGuy	Read Replies (1) \| Respond to of 306849

Working on a short-sale as we speak, lost a few in the process. It's not easy. It reminds me as to why I hate banks. Basically most of the stuff selling is short-sale because it's the practical thing to do given how underwater everyone is. Also, unless you're paying cash, the banks won't appraise for more than the basic costs per sq. foot. That means granite kitchens, subzero appliances, saltwater pools, none of that stuff counts in the appraisal. It's the opposite environment of 2006. It's funny I thought I'd see depressed homeowners, but rather, they all seem cheery. Many of them still have their luxury SUV's, big screen plasmas, gym memberships (I see them at the gym) and the hot wives' "nips and tucks" can never be taken away. America is truly great.