We all keep hearing about the real estate bubble. I was wondering if any one of you have actually seen a downturn in the real estate market in the past in your own area. What was your experience? How did the conditions change when the real estae market turned?
preconstruction price for some homes went down by 80K in CA this year. Alot of houses are sitting in the market. # of buyers is less
Also, if you remember please tell how the rents were affected? I think being prepared for the downturn and having some knwoledge of what to expect will arm us for the next downturn. So please share your expereinces or of someone you know. Thanks.