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| User Info | THE HOUSING BOTTOM IS HERE; entered at 2012-03-31 01:10:28 | |||
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Dan721 Posts: 2776 Registered: 2007-08-23 Phoenix, AZ
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Karl, I'm interested in whether your calculations would be muted by a relative absence of leverage in Real Estate. For example, in Phoenix, the sub-$100,000 market is going almost entirely to cash buyers. If these are actual cash investments (rather than cash transactions that are quickly borrowed against), do you think the cash would start to form a floor in the market? It seems to me that as less "monthly payments" are being made, there would be a reduced impact from monthly-payment equivalents on asset price.
2012-03-31 01:10:28
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