Ready for another 15-20% decrease in your city?

[Rich Weese]

http://cgi.money.cnn.com/tools/homepricedata/index.html

Check where your city fits in. Still want to buy in Vegas, Phoenix or Miami? 15% decrease in Vegas next 12 months? 18% in Phoenix? Why do I like Texas>\? Check out 384 cities for next 12 months prognosis. Brag on yours.. Rich

[Tod R.]

Tim, this may be a bit off subject but; I understand that depressed markets create buying opportunities, and if you don't sell, you don't care (too much) about it's value. However, if stabilized values remain low, don't you agree that rents will follow suit?

A part of my concern for the economy is that most people seem to be comparing current values to recent market highs and think they will get the equity capture "as soon as the economy turns around" However, if the economy is going to get worse before it gets better, I would think rents will fall as well as value.