Thos epeople that bought $550K shacks in the hood are long gone for the most part. Taken down in the subprime wave that alreadys truck or in the process of the same.
Capeman,
Buyers are well informed and tend toward conservative these days. They dont need realtors to inform them of what may happen nor is a realtors job to do so. Lenders ensure buyers are qualified and the loan process is very rigorous these days. With such a negative attitude to life and the world it must be difficult to get out of bed each morning. Fortunately most people do not live under such a dark cloud and that is what makes this country great. In the face of adversity people find a way to make it work and succeeed. I hate to throw out a cliche here but success comes in cans not cannots.
