Re: Can't sell to upgrade, got to improve the one they own?


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Posted by Keith in Washington on Monday, March 09, 2009 at 13:29:00 :

In Reply to: Can't sell to upgrade, got to improve the one they own? posted by Chriscase on Monday, March 09, 2009 at 09:42:41 :

Look at the front page of the USA Today for last Friday. It shows that over 50% of the foreclosures are in 35 counties in the us. It also shows that So and Central Calif, Pheniox, So Flordia, Atlanta, WA DC, Detroit and Obama's home town are the worst areas.

A lot of urban areas. The rest of the country is not nearly as hard hit. I wonder how this map would overlay the vote result map for the last election?

Obviously Calif and Flordia were hit hard because of the massive speculation in those markets over the last few years. However, San Francisco proces are dow 35% last year but are still up 30+% since 2000. Long term buyers are fine and if you hold on to what you have for the long term you should be fine even if you are under water at this time.



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