- This topic has 185 replies, 16 voices, and was last updated 16 years, 7 months ago by
Reality.
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April 20, 2008 at 9:49 AM #12494April 20, 2008 at 9:54 AM #190772
SD Realtor
ParticipantFearful I know it is really hard to imagine that so many people have that kind of money. I am consistently amazed by it as well. All I can say is whether these people rent homes or by homes they have some dollars man.
SD Realtor
April 20, 2008 at 9:54 AM #190796ParticipantFearful I know it is really hard to imagine that so many people have that kind of money. I am consistently amazed by it as well. All I can say is whether these people rent homes or by homes they have some dollars man.
SD Realtor
April 20, 2008 at 9:54 AM #190824ParticipantFearful I know it is really hard to imagine that so many people have that kind of money. I am consistently amazed by it as well. All I can say is whether these people rent homes or by homes they have some dollars man.
SD Realtor
April 20, 2008 at 9:54 AM #190838ParticipantFearful I know it is really hard to imagine that so many people have that kind of money. I am consistently amazed by it as well. All I can say is whether these people rent homes or by homes they have some dollars man.
SD Realtor
April 20, 2008 at 9:54 AM #190886ParticipantFearful I know it is really hard to imagine that so many people have that kind of money. I am consistently amazed by it as well. All I can say is whether these people rent homes or by homes they have some dollars man.
SD Realtor
April 20, 2008 at 10:00 AM #190782PadreBrian
ParticipantThat’s why house prices are going down down down to normal levels. Most household incomes are still below 200k. So you are looking at 600k being the new/old upper middle class home. NOT the 1.0-1.2 Mill houses that 0% down/no doc/option/teaser rate years of 2004/2005/2006 concocted.
April 20, 2008 at 10:00 AM #190806ParticipantThat’s why house prices are going down down down to normal levels. Most household incomes are still below 200k. So you are looking at 600k being the new/old upper middle class home. NOT the 1.0-1.2 Mill houses that 0% down/no doc/option/teaser rate years of 2004/2005/2006 concocted.
April 20, 2008 at 10:00 AM #190834ParticipantThat’s why house prices are going down down down to normal levels. Most household incomes are still below 200k. So you are looking at 600k being the new/old upper middle class home. NOT the 1.0-1.2 Mill houses that 0% down/no doc/option/teaser rate years of 2004/2005/2006 concocted.
April 20, 2008 at 10:00 AM #190848ParticipantThat’s why house prices are going down down down to normal levels. Most household incomes are still below 200k. So you are looking at 600k being the new/old upper middle class home. NOT the 1.0-1.2 Mill houses that 0% down/no doc/option/teaser rate years of 2004/2005/2006 concocted.
April 20, 2008 at 10:00 AM #190896ParticipantThat’s why house prices are going down down down to normal levels. Most household incomes are still below 200k. So you are looking at 600k being the new/old upper middle class home. NOT the 1.0-1.2 Mill houses that 0% down/no doc/option/teaser rate years of 2004/2005/2006 concocted.
April 20, 2008 at 10:01 AM #190792jpinpb
ParticipantI am skeptical of how much actual cash people have. I thought I read somewhere that savings are the lowest in history. Unless it’s the people that invested in gold and come time to buy a house, they sell. I guess that’s a possibility and more acceptable explanation to me. Or alternatively, those who did big cash refi and sat on their money, buying a cheaper place and walking from the big loan, as read on another thread.
April 20, 2008 at 10:01 AM #190816ParticipantI am skeptical of how much actual cash people have. I thought I read somewhere that savings are the lowest in history. Unless it’s the people that invested in gold and come time to buy a house, they sell. I guess that’s a possibility and more acceptable explanation to me. Or alternatively, those who did big cash refi and sat on their money, buying a cheaper place and walking from the big loan, as read on another thread.
April 20, 2008 at 10:01 AM #190844ParticipantI am skeptical of how much actual cash people have. I thought I read somewhere that savings are the lowest in history. Unless it’s the people that invested in gold and come time to buy a house, they sell. I guess that’s a possibility and more acceptable explanation to me. Or alternatively, those who did big cash refi and sat on their money, buying a cheaper place and walking from the big loan, as read on another thread.
April 20, 2008 at 10:01 AM #190858ParticipantI am skeptical of how much actual cash people have. I thought I read somewhere that savings are the lowest in history. Unless it’s the people that invested in gold and come time to buy a house, they sell. I guess that’s a possibility and more acceptable explanation to me. Or alternatively, those who did big cash refi and sat on their money, buying a cheaper place and walking from the big loan, as read on another thread.
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