Add on the 5-7 years you think its flat, and its 20 years before we see those prices again.

But sounds like you have quite a few properties, so maybe you're getting commercial loans.If this is a flat area, I think I'd try to get them down some more. 20% isn't much of a discount off market value.

Iam going through an arduous process with WAMU myself.My case:I have a Condo (primary residence)1st and 2nd mortgage with WAMUtotal owed: $680KI knew I would get into trouble because my business went flat a 5 months ago and my cash reserves are being extinguished.I downloaded the information from WAMU site and submitted a complete package with an offer from a neighbor that is interested in buying the property if price is OK.I submitted ALL documentation to WAMU with the offer, proof of funds (50% downpayment) and prequalification for buyer through Wells Fargo.Offer $375,000 - prices for 2003 as per tax records.Nothing has been sold recently (18 months frozen market).WAMU sent an appraiser on Sept 02 and by Sept 04 the appraiser confirmed that the report had been submitted to WAMU through the third party company that manages Appraisals requests (REM).I have the name, extension number and e-mail of my negotiator but it has been IMPOSSIBLE to talk with her or to get anything from her.Her last (only) e-mail on the 23rd said that she didn't have the apparisal report (I tried to get to her to try to resolve it, but nothing back).Now she is in vacations until the 14th.I had been on time for my payments until August.I haven't made my payments for September - cash reserve extinguished.When will this default start affecting my credit score?

I expect inventory in my city to grow or stay flat.

In areas that saw huge bubbles, FL, LV, CA, prices skyrocketed, but rents remained relatively flat.

Ruffin started out flat broke, now owns RE all over the country including 40 acres on Las Vegas Blvd. the list goes on and on....

Hi,Lease option or seller financing may be your only option -- we are having trouble getting financing for condos in our area because there are so many foreclosures that condo associations are going belly-up.

He's dangerously ignorant, and unpredictable as a result-- take bombing Pakistan for instance, or flip flopping on the status of Jerusalem, or whether or not Iran is a serious threat-- because he flat doesn't know what he's doing.Add to that his terrorist / marxist / black liberation theology mentors and you've really got a volatile mix that will make Jimmy Carter appear stable, and competent.McCain isn't my personal choice, and I live in a "blue" State anyway (Obama will run away with the People's Republic of Illinois by 20 points) but if I lived in a "swing" state-- I'd have to vote for McCain against Obama.

If it's a cheap production home, it likely only has one color of flat paint throughout, cheap carpets, etc.After you consider all the costs it would take to complete the home, the price may not be as attractive.

Our yields in cities vary approx 2-4%, so I'm trying to come to terms with some cultural differences regarding home ownership.In a recent discussion on an Aussie property forum regarding forecast flat or falling property values, many local investors put the view that there is a natural floor on values caused by the rent/buy decisions of current tenants.