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Newly2b

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Re: Sam_0 post# 308652

Tuesday, 10/12/2004 5:45:40 PM

Tuesday, October 12, 2004 5:45:40 PM

Post# of 704044
In my experience, when the housing market begins to slide, it is the high-end homes that stop selling first. During the crash in the early '90's, the starter homes kept going, but the high-end stuff was dead.

BTW, they also lose the most value in dollar terms. If the market drops 10%, a $1mill. home drops $100K in value, but a $300K home only loses $30K.

Newly

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