By The Way...

Friday, May 4, 2007
7:55:00 AM EDT
Hearing Nothing at the moment
For folks who have wondered if home prices these days aren't just a little unrealistic -- and what will happen to those folks who bought new homes with some of the fast and loose mortgage options available -- I present you CNN/Money's Scenes From a Bubble. This looks at the current real estate market from the point of view of homeowners, lenders, analysts and others. It's a sobering look at something that could put a real crimp in our economy.



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This entry has 2 comments: (Add your own)

• #2 Comment from sandiegolasik 
  5/20/07 3:48 AM | Permalink

  Here in San Diego our real estate home value drops are much great than reported.
  
  For a good article on some insights into the real word home value depercation, visit:
  http://www.brokerforyou.com/brokerforyou/?p=13
  
  This is a great article. This real estate broker's main blog is at:
  http://www.brokerforyou.com/brokerforyou/
  
  Thanks
  
  
• #1 Comment from monponsett 
  5/4/07 9:26 AM | Permalink

  The key to real estate is to pay off the house quickly, however you get it done. Then, you own something in 2040 AD with an inflated 2040 dollar value that you paid for in 2007 dollars. That's how wealth is established.