It's Been Said Many Times Before For Many Years Now...
Monday, January 23, 2006
But perhaps the naysayers are finally catching on with the public's increasingly negative view of the state of real estate in certain markets.
Here's a list of the top 100 markets in the US and their relative over or under value.
With both Atlanta (2%) and Augusta (17%) showing as undervalued, I see little to no risk of major corrections in this market.
If you live anywhere in California or other inflated markets, prepare for what will surely be a wild ride!
Smart homeowners will be advised to watch out below for those who did not adequately prepare to hold onto their homes long term (ie: Option ARM borrowers) and all those homeowners who in the next 5 minutes realize they should probably pick up their chips off the table and cash out (ie: people with TONS of equity).
They will all be doing it as fast as possible once they come to their individual realizations.
The story of a grasshopper and a squirel comes to mind...
Here's a list of the top 100 markets in the US and their relative over or under value.
With both Atlanta (2%) and Augusta (17%) showing as undervalued, I see little to no risk of major corrections in this market.
If you live anywhere in California or other inflated markets, prepare for what will surely be a wild ride!
Smart homeowners will be advised to watch out below for those who did not adequately prepare to hold onto their homes long term (ie: Option ARM borrowers) and all those homeowners who in the next 5 minutes realize they should probably pick up their chips off the table and cash out (ie: people with TONS of equity).
They will all be doing it as fast as possible once they come to their individual realizations.
The story of a grasshopper and a squirel comes to mind...
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