Rocktex

Three Notes on Housing

I love your 3rd note. Exactly what I have perceived and argued with real estate professionals who favor a short-sale approval from banks. Please see my article at:
A Funny World (16): Why ASK Lender's Mercy? Why Don't You Do Lender a Favor? activerain.com/blogsvi...

I believe, I am an optimist who always says "tomorrow will be better" as Annie sang. But to your 2nd note, I am unable to get your point cross. Housing prices go down 30% will be too much for you? Common, give me a break!

The price cut, more than 30% off the peak is here NOW in the most California areas. What do you expect where it shall go from the present point of time? If you anticipate now is the housing bottom and against the public sentiment, yes, you can say it will go North. But I doubt you were.

Certainly, you may have a good reason to say: “you get my idea wrong. I am using the year of 2000 as the base year.” Well, everybody can have different stats just as Zillow.com counts a forced “foreclosure” as a volunteer “sale” and included it into its area sale figures of normal transactions at its website. What can I say?