I am 23 years old and a Canadian citizen, currently living abroad doing a 6 month management hospitality training.Education wise I have a B.Comm and an MBA in Hospitality& Finance .Like many I have been interested in property for a long time and have interest in acquiring houses, apartment buildings and eventually hotels.Right now I am very interested in the USA housing market due to the heavy decline in prices.

Might be worht looking into, although i have no personal experience in any of these places-The report is by The Case-Shiller index which is considered by many to be the best gauge of national and metro real estate values.The biggest home price declines are in the Rust Belt, while prices are holding up in the Pacific Northwest and in areas of the south.Here are the 20 cities ranked from worst to best appreciation:Detroit, down 9.7%Tampa, Fla., down 8.8%San Diego, down 7.8%Phoenix, down 7.3%Washington, down 7.2%Miami, down 6.4%Las Vegas, down 6.1%Los Angeles, down 4.8%San Francisco, down 4.1%New York, down 3.8%Cleveland, down 3.6%Minneapolis, down 3.4%Boston, down 3.4%Denver, down 0.7%Chicago, down 0.9%Dallas, up 0.7%Atlanta, up 1.2%Portland, Ore., up 3.8%Charlotte, N.C., up 6%Seattle, up 6.9%

We had a decline in housing, maybe 10% in the last year.

I'm new to the rental thing. I had a couple come and see the house and they seemed very nice, educated, drove a BMW and seemed very sincere. They filled out a rental application and I decided to do a background check....

I'm with Wheatie and Ohio Realtor in thinking that the numbers are fishy in a rapidly declining market.

Granted a 99% decline (like JDSU) in real estate is ridiculous but a 50-60% decline, especially in markets that saw 100% price increases, would not be all that difficult to fathom.Those banking that this housing decline is in the 8th or 9th inning are trying to catch a falling safe and you know what they say about trying to catch a falling safe...you get crushed.

In a declining market, he could EASILY be upside down almost immediately and even if he got full retail, he would lose money.

You think it should be enough for bank to decline/accept the offer?

In a sense the offer was declined in advance.There is little room to prove that all offers were presented.

I should also note I live in Florida where the housing market has been on a decline for the last couple of months.