Relevant:
2009-02-05 — thetruthaboutmortgage.com
" Million-dollar home sales in the Golden State slipped to their lowest level in five years, according to real estate information provider DataQuick."
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mortgagemess at 09:16 2009-02-06 said:
They are plummeting everywhere..no just CA... I never understood the fascination with the million dollar purchase unless it was for tax purposes..most people who buy these homes feel eurphoria for about 6 months...and then realize it was a huge mistake...for many during the golden boom of housing it still took a year to sell many of these homes..today..good luck to the borrowers who are now "stuck" with these homes..it will now take years to unload one and chances are at a huge loss... Permalinkadd a comment | go to forum thread
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