Skip to content


  1. powayseller
    December 26, 2005 @ 6:39 PM

    In Phoenix, in the 1980’s,
    In Phoenix, in the 1980’s, my coworker was trapped just like this with a mortgage greater than the housing value. She had bought her house during a prior peak. I’m not sure when, since I was young and fresh out of college and had not given much thought to housing or mortgages. Her dilemna was that the market had tanked, and selling would cause a loss. She hung in for serveral years, waiting for prices to slowly creep up, and then she finally sold and left Phoenix to be closer to her family in another state.

  2. KingKong
    December 27, 2005 @ 4:03 PM

    A good article.

    A good article.

    One interesting point is that real estate investment trust contributes to the recovery of the housing in Japan. But in US, we’ve already exercised this tool for a while and it is one of the reasons why commercial buildings are so expensive nowadays.

  3. KingKong
    December 27, 2005 @ 4:05 PM

    Location, Location,
    Location, Location, Location.

    This article highlights the importance of locations. It said that locations away from Tokyo dropped over 50%. Unfortunately it did not say how much drop in the Tokyo downtown area.

Leave a Reply