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Reply #17: It's happening right here in Atlanta. [View All]

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ozymandius Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Jun-18-04 09:08 AM
Response to Reply #8
17. It's happening right here in Atlanta.
Unrealistically high prices are coming down. What was selling for $425k in an upscale neighborhood (where I did some carpentry work) is now selling(?) for $380k. Houses near me that were selling for $780k are now selling for $720k.

Across the board, prices are leveraged down while foreclosures are at a record high and inner city developers continue to overbuild.
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