[FoRK] A Generalized Meltdown of Financial Institution

[Owen Byrne]

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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