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Posted by carol on October 2, 2008, 6:03 pm, in reply to "Re: WHAT IF?"

There was an interesting article several months back in the International News Tribune about the impact of the decline in US home prices on foreign real estate prices. The article cited the slow down in foreign home sales as linked to the US home sale decline. I guess we would need to check with local realtors to see what they have experienced. Then a few months back I remember reading an article from a Monterey paper that talked about a local real estate vendor who was packaging distressed Texas properties for sale in Mexico. I can't remember the percentage of the Texas properties that sold, but it was pretty large as I recall. Guess anyone interested could google.


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