vineet

Home Buyers in Southern California Ignore Bad Financial News

I know a person who bought a condo for 160k in May/June 2008 that was peaked at 210k. The person was elated at the price and prospect of renting it out. Dead Cat did bounce. Today a similar condo in the same complex is sitting below 120k and no offer. This is S C. California or S California cannot be immune to the Wall Street blood letting and consequential sufferring of the american people. It is only a matter of time. Majority of people in California are simple folks not that deep pocket as the TV shows portray. Reality is real and will be seen in time.