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California freefall: Home prices down 26% in February

Discussion in 'Political Discussion' started by weswelker#83, Mar 27, 2008.

  1. weswelker#83

    weswelker#83 In the Starting Line-Up

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  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Talk about being "upside down"..
     
  3. BelichickFan

    BelichickFan B.O. = Fugazi PatsFans.com Supporter

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    #24 Jersey

    Newsflash - that's how the housing market is. My parents live in Ramona, about 20-30 miles east of SD. They bought their house not that long ago - something like 2000 to 2002. They paid about $210K for it. About 12 months about it had tripled in value to about $600K. Now, maybe it's more like $450K. It happens. House prices are like the stock market - they go up but not always in a straight line.
     
  4. Real World

    Real World Moderator Staff Member

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    A little more of a drop and the house just might reach it's actual value. To think people were buying 3 families on Chelsea Street in EB for $700k. LOLOLOLOLOLOL!!!! Some people are truly stupid.
     

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