I’ve never seen a downturn that didn’t follow a fairly predictable pattern. It starts with the least desirable properties in the least desirable areas. Once the least desirable areas have been hit thoroughly, it rolls into the next least-desirable area (hitting the least desirable properties first), and on and on, until it gets to the most desirable properties in the most desirable areas.
The only reason the higher-end areas weren’t hit as hard during this downturn was because the govt intervened after the lower end had already been pretty much decimated, and the downturn was just beginning to roll into the more desirable areas. They’ve managed to prop things up fairly well, so far. Let’s see what happens if interest rates rise and/or the govt gets out of the mortgage market.
Exactly, those are a couple “if’s” you threw out there. Here’s another, lets see what happens if the economy in SD starts to improve faster. That was my point, yes patterns are predictable. What isnt predictable is all the stuff going on around those patterns.
Exactly, those are a couple “if’s” you threw out there. Here’s another, lets see what happens if the economy in SD starts to improve faster. That was my point, yes patterns are predictable. What isnt predictable is all the stuff going on around those patterns.
Exactly, those are a couple “if’s” you threw out there. Here’s another, lets see what happens if the economy in SD starts to improve faster. That was my point, yes patterns are predictable. What isnt predictable is all the stuff going on around those patterns.
Exactly, those are a couple “if’s” you threw out there. Here’s another, lets see what happens if the economy in SD starts to improve faster. That was my point, yes patterns are predictable. What isnt predictable is all the stuff going on around those patterns.
Exactly, those are a couple “if’s” you threw out there. Here’s another, lets see what happens if the economy in SD starts to improve faster. That was my point, yes patterns are predictable. What isnt predictable is all the stuff going on around those patterns.
I’ve already posted some choice properties that have taken a hit in this thread. Some of the high end properties have been lingering and reducing, but not sold yet. Waiting to see when and for what and I will post them here.
I’ve already posted some choice properties that have taken a hit in this thread. Some of the high end properties have been lingering and reducing, but not sold yet. Waiting to see when and for what and I will post them here.
I’ve already posted some choice properties that have taken a hit in this thread. Some of the high end properties have been lingering and reducing, but not sold yet. Waiting to see when and for what and I will post them here.
I’ve already posted some choice properties that have taken a hit in this thread. Some of the high end properties have been lingering and reducing, but not sold yet. Waiting to see when and for what and I will post them here.
I’ve already posted some choice properties that have taken a hit in this thread. Some of the high end properties have been lingering and reducing, but not sold yet. Waiting to see when and for what and I will post them here.
Great! I’m looking forward to seeing some nice mid range properties in the 600 to 900K range that have taken similar hits. Thats the real barometer for me.
Great! I’m looking forward to seeing some nice mid range properties in the 600 to 900K range that have taken similar hits. Thats the real barometer for me.
Great! I’m looking forward to seeing some nice mid range properties in the 600 to 900K range that have taken similar hits. Thats the real barometer for me.
Great! I’m looking forward to seeing some nice mid range properties in the 600 to 900K range that have taken similar hits. Thats the real barometer for me.
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