Foreclosure, for Closure

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  Posted By: James Thompson @ 03/11/2009 10:31:05 AM

  Daniel,
  I am a professional real estate appraiser for 25 years. How right you are. Nothing can keep these house prices to falling to a sustainable level, without any speculator/flipover guys in the market, to a price level based on the incocme levels in the area. Historically the average house should cost about 3 times the average salary in the area. In the end, house prices are based on the income of the local people. The only way to raise house prices without speculators is to raise the general income in an area. James Thompson Appraisal Concepts Rhode Island
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  Posted By: wiseowl2 @ 11/17/2008 8:08:23 PM

  Well, everyone that is regular homerowners I for one was looking for a loan, not away to steal my equity. Many people that work in good jobs will feel the pinch as the working poor has for years. Will the auto financiers will stop reporcession of autos while they get a handout on the other hand? Well they can go bankrupt as others had to do, sometime because bad things happen to good people.

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  Posted By: FirstZebra @ 05/13/2008 2:36:39 PM

  I've already seen it in this little town in NV. The big frogs are already gobbling up the remains and crowing about it!