[quote=LA_Renter] Up to this point in time we have dealt with a pricing / mortgage issue, we have not dealt with a true fundamental downturn in the economy like we are entering right now. [/quote]
I agree with L.A. renter on this point. Most of our recent RE downturns have simply been because of a slow economy and we haven’t even gotten to that phase in this disaster yet. While it is likely that there will be some people out to get the “bargains” on the market this spring, that will hardly put a dent in the inventory out there. Also, I have to admit that I just skimmed through this thread because of it’s length, but I didn’t see any mention of the resetting alt- a loans that will hit the higher end properties next year. What of that?
