My opinion is that it is all about location. For the fringe suburbs, there is no bottom. For the cities and urban core (go Berkeley!), it will bottom out (but not until they stabilize the mortgage industry situation, which could be a matter of months) and then rebound (but not any time soon, due to the recession, which will be 1+ years to emerge from).
yeah. well. the realtors x agreed to use came today. They said they would *consider* listing the house at $475K; they thought it was *possible* to get that much for it. House is mortgaged for $540K. I didn't expect to cry, because I knew it would be right around there, but somehow talking about it with them, well I did; they must be used to it these days because they didn't turn a hair.
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They said they would *consider* listing the house at $475K; they thought it was *possible* to get that much for it. House is mortgaged for $540K. I didn't expect to cry, because I knew it would be right around there, but somehow talking about it with them, well I did; they must be used to it these days because they didn't turn a hair.
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