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Old 06-09-2008, 09:59 AM
 
Location: Whoville....
25,386 posts, read 35,393,971 times
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Quote:
Originally Posted by FERRETI View Post
Is it true?Anyone knows when we really bottom out?
If it's true then I could have paid rent on an apartment for two years with what I lost in my house in the last year
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Old 06-09-2008, 10:22 AM
 
62 posts, read 180,446 times
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Quote:
Originally Posted by Cliffie View Post
And what is your definition of "rock bottom"?

To me, it means the absolute lowest that price values around us will fall to. Like I said, I don't think we can put a time frame on rock bottom until we stop bleeding jobs.

Just since Jan when we listed our house, the values in our city have continued to drop. I don't possibly see how this crisis could have already hit it's lowest point with more jobs lost and more mortgages to adjust.
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