gouchobob
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Recoleta Carolina said:Gauchobob,
Yes and No. As I mentionned in my initial post it really depends on the location. Someone who gave up their apartment/home in areas like New York, San Francisco, Orange County, Paris, London, etc., etc., in 2003 would never be able to buy in those areas at today´s prices. Even though you are correct that prices have come down 20-50% depending on location. Clearly, if we are talking about less popular areas you are right. But, this thread really is about crime in Buenos Aires. It might be interesting to start a different thread regarding global real estate prices.
Well we are getting very far off the topic. I'll share this and then shut-up. In the article linked below indicates in some parts of So. Cal prices are back to 1989 levels, overall the market is back to 2002 levels. Given the low interest rates currently available it would be possible to move back, buy the same house, and have lower payments than in 2002. The areas that saw the biggest runup in prices are now taking the biggest hit.
http://www.latimes.com/business/la-fi-cheaphomes10-2009jun10,0,4802553.story?ref=patrick.net