[quote=sdrealtor]You couldnt be more wrong in your statemetn that most distressed properties lie in CFD’s where newbie buyers got o purchase McCMansions. Please do research and bring data before spouting such falsehoods.[/quote]
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sdr, I’d like to see a breakdown of these properties in distress in October 2010 between SFR’s and condos. I believe that the vast majority of these “older” distressed properties are condos (in which the assn has problems so they are not easily “saleable”). Also, I’d like to study this same chart for months from 2006 forward. I maintain that distressed properties situated within the CFD’s not only led the downturn that we can’t seem to climb out of now, but actually DROVE it, for YEARS.
[quote=sdrealtor]70% of the distress is in the sub 1500 sq ft housing stock you dont find much of in the CFD’s.[/quote]
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What do you mean, “dont find much of in the CFD’s??” CFD’s are LOADED with condos and PUD’s with often multiple governing HOAs!
