Re: Speak! Speak great Caesar of the lots
Posted by esmitty on October 15, 2008, 10:04 pm, in reply to "Re: Speak! Speak great Caesar of the lots"
75.104.177.83
My sense is that most LM real estate was bought with cash, rather than financed, which tells me that: 1) Owners are in a different income bracket than those living through the real estate mess in most of the States. 2) Without a tugging mortgage, owners have more discretion regarding when to part with their properties. One level of urgency is removed. What I would postulate from the above assumptions is that the market ought to look about like it does: Not much movement because sellers are more apt to hold their property than meet the prices offered. But I am looking at it from a computer screen 1000 miles away. |
204 |
Message Thread:
|
By posting, you confirm that you have read and Back |
Be sure to visit www.lamanzanilla.info