Easy stockstradr, Jack played a bad guy in that movie that ended up in jail! first of all I’m glad for you that you sold your house at the right time and made lots of money and 2nd I would hate to be one of your friends these days.
Since you seem to have quite an insight of what is going on could you please explain to me why you think the North East is not experianceing the same terrible decreases as the Mid West the West and the South.
I live in the North East and I have to be honest I am not seeing the “blood in the streets” you are seeing in the West
in fact the prices seem to be holding steady.
I took from MSN this morning.
“Sales were off 1.7% in the Northeast from a year ago, down 11.5% from a year ago in the Midwest, 11.5% in the South and 9.1% in the West.
The median sales price of a single-family home declined 1% from a year ago to $228,600. The median condo sales price actually rose 2.4% from a year ago to $230,600, mostly due to gains in the Northeast and Midwest. The median price in the West fell 3.2% to $264,500.”
