[FoRK] A Generalized Meltdown of Financial Institution

[Lucas Gonze]

Which is the entire middle class in LA, where not even a studio goes
for less than 500K.

Prices in my area have fallen 5-10% from what I can see.

On Nov 25, 2007 11:59 AM, Owen Byrne <owen at permafrost.net> wrote:
> Or in need of a jumbo mortgage.
> Owen
>
>
> On Nov 25, 2007, at 9:23 AM, J. Andrew Rogers wrote:
>
> >
> > On Nov 25, 2007, at 8:06 AM, Sat N wrote:
> >> Very interesting - I keep hearing about this "housing crash" in
> >> California, but my friends in bay area aren't really seeing it....Has
> >> any of you in bay area seen a housing crash in your neighborhood -
> >> have the prices really went down 12% ?
> >
> >
> > The market definitely seems softer, taken from people I know who are
> > both buying and selling right now.  I don't know about a 12% drop,
> > but a 7% drop from the peak seems about right anecdotally.
> >
> > In any case, it is not that big of a deal unless you are flipping
> > houses or mortgaged up to your neck.
> >
> > Cheers,
> >
> > J. Andrew Rogers
> >
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