[quote=zk][quote=flu]25% off peak 2005 is nothing. [/quote]

By this I assume you mean that you believe that there is a lot more to come. If that’s what you mean, I totally agree.

Any way you slice it, a half a million dollars (plus transaction costs) is a lot of money for some poor bastard to have lost in 3 years.
[/quote]

That “poor person” that lost $500k i suspect is the bank…or I should say us “poor taxpayers”. You think the buyer actually lost $500k?
I’d be curious for someone to dig up his/her loan papers. If I suspect, i would guess someone with 100% financing or at most 20% down, with interest only….I’ll refrain from speculation though.

Nevertheless, I think the top end $1.3-1.9 million are gonna get hit big time no doubt.