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CA RE prices down 29% from high:

Discussion in 'Political Discussion' started by Run DMC, Apr 29, 2008.

  1. Run DMC

    Run DMC In the Starting Line-Up

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    #24 Jersey

  2. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    You realize 29% is absolutely nothing, right - prices in the cities have gone up well over 100% over the past few years. There's always buoyances in the markets and people shouldn't have been buying if they couldn't afford a potential long term stay.
     
  3. Run DMC

    Run DMC In the Starting Line-Up

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    #24 Jersey

    Right on bro, the whole house of cards was created by ez credit for chumps who had no business being involved. Let us keep in mind RE has appreciated, what 200% in the past 5 years? Totally ridiculous. It took Japan RE market 20 yrs. to bottom. It's going to take a while here as well.
     

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