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Reply #15: A developer I know in San Diego just slashed prices on [View All]

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Bono71

(1000+ posts) Send PM | Profile | Ignore

Wed Dec-08-04 12:14 PM
Response to Original message

15. A developer I know in San Diego just slashed prices on

3000 (!) homes. I think we are in for some "shrinkage." How much, who knows?

Moreover, its impossible to say whether or not the "burst" (if there is one) will affect the entire country or not. Real estate is about local markets (and submarkets). What happens in one section of a state, city or locality may be the exact opposite of what is going on somewhere eles (maybe even down the street).

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