If they do go down how long will it take for prices to drop down really low like to the 300 thosands
2006-10-19 18:46:27 · 8 answers · asked by Via 2 in Home & Garden ➔ Other - Home & Garden
Prices never go down unless something cause the property value to drop. Like excess crime. Just let all the illegal aliens take over a community. Prices will drop like a rock. Then buy your dream house and have all the illegals deported.
2006-10-19 18:49:29 · answer #1 · answered by Anonymous · 1⤊ 1⤋
It has already gone down. Will it go down further? Maybe, maybe not. Too many factors affect the real estate market such as unemployment rate, interest rates, recession, supply/demand. In my opinion, it will never go down to 300K unless we have a catastrophic earthquake and nobody wants to live in SoCa.
If you look at NoCa, the burst of the dot com companies did affect the housing market but it didn't go down to 300K
2006-10-20 02:01:01 · answer #2 · answered by SD C 1 · 0⤊ 0⤋
In "off season" like nov-jan. you stand a chance. Get it while you can & buy a fixer upper if youa re able to, those homes usually have a high value if you fix the basucs & make the walls stucco or mud! ..
2006-10-20 02:01:03 · answer #3 · answered by lizrdluvnmom 3 · 0⤊ 0⤋
They will go down and start looking for a lot of forecloses...Were i live they are right now starting at 350 thousand, but wait, you maybe able to pick up a repo in the area your looking at.....
2006-10-20 01:50:50 · answer #4 · answered by ABBYsMom 7 · 0⤊ 0⤋
I honestly doubt it. However it depends on where in Southern California you are talking about. Southern California is quite big.
2006-10-20 01:52:26 · answer #5 · answered by kutie217 3 · 0⤊ 0⤋
My wife won't even go down, I doubt the houses ever will.
2006-10-20 01:47:47 · answer #6 · answered by robtiger2 4 · 1⤊ 0⤋
approximately negative eighteen years...
i'd be glad to show you a quaint, broom closet I could sell you for around that price though
2006-10-20 01:49:40 · answer #7 · answered by QnA 2 · 0⤊ 0⤋
Probably never, its more likely that they will increase.
2006-10-20 01:47:36 · answer #8 · answered by Anonymous · 0⤊ 0⤋