http://www.zillow.com/homes/92130_rb/
Whoa. Even the exec mansions are being sold. Everyone trying to "get out of dodge!"
3 replies (most recent on top)
if you are a @bitterlandlord, just jack up rents.
Fannie Mae/Freddie Mac (2 bankrupt quasi-government institutions) will (or already have) stop buying/issuing 30 yr mortgages. Couple this with the depression that the U.S. is in plus coming mass layoffs and you are looking at something like a $600K house being repriced at $200K ... but this time the corrupt financial industry in the U.S. won't be given newly printed Federal Reserve Notes to bailout out the parasitic housing industry. Only the Chinese cash buyer will be left (whoops, I almost forgot, the Chinese market is crashing 1929 U.S. style). Sell, sell, sell ....
All rats are trying to jump out of sinking ship?