ps: I am seeing some luxury homes coming in at 50% of their peak when bought in a new community with very little collective equity ($7mm home in the low $4mm – mid $3mm range).
These homes are racing towards the replacement cost of the structure which is typically $300/sf +/-depending on how ‘tricked out’ they got with their finishes and personalization.
Im with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.
The 1-2M market will be moribund.
The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.
Im with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.
The 1-2M market will be moribund.
The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.
Im with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.
The 1-2M market will be moribund.
The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.
Im with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.
The 1-2M market will be moribund.
The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.
Im with UCGal, the 900k to 1.5 or 2M range will be dead. These were typically financed with Jumbo Loans to 2-income professional couples. These loan products are difficult to find these days.
The 1-2M market will be moribund.
The 2M + market probably depends more on where the stock market and local businesses are headed in 2010 and beyond.
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