12-10-2007, 02:20 PM
HAULN-SS Wrote:He's right, the foreclosure doesn't have an impact on it. It's the re-sale after the foreclosure, and how long that takes that has the impact. And if it's only one or two foreclosures it has a very minimal impact, as foreclosures aren't used as comps.First of all, his analogy is totally wrong because of the fact that car pricing and real estate pricing have nothing to do with each other.
Secondly, while a foreclosure is not typically used in a comp it can and will affect prices when it gets sold (assuming its, you know, comparable). Not to mention the fact that right now the foreclosure are the fallout from a negative price trend.
2018 Ducati Panigale V4
Past: 2018 Honda Civic Type-R, 2015 Yamaha R1, 2009 BMW M3, 2013 Aprilia RSV4R, 2006 Honda Ridgeline, 2006 Porsche Cayman S, 2012 Ducati 1199, 2009 Subaru WRX, 2008 CBR1000RR, 2009 Kawasaki ZX-6R, 2000 Toyota Tundra, 2005 Honda CBR600RR, 1996 Acura Integra GS-R, 1996 Acura Integra GS-R, 1997 Honda Civic EX
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Past: 2018 Honda Civic Type-R, 2015 Yamaha R1, 2009 BMW M3, 2013 Aprilia RSV4R, 2006 Honda Ridgeline, 2006 Porsche Cayman S, 2012 Ducati 1199, 2009 Subaru WRX, 2008 CBR1000RR, 2009 Kawasaki ZX-6R, 2000 Toyota Tundra, 2005 Honda CBR600RR, 1996 Acura Integra GS-R, 1996 Acura Integra GS-R, 1997 Honda Civic EX
http://www.aclr8.com