The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (234193)	12/24/2009 12:03:23 PM
From: Smiling Bob	Read Replies (1) of 306849

There are more opportunities than ever, and not just in RE. And more are coming. There will be wave after wave of bankruptcies and sellers desperate to liquidate and raise cash. Even the hookers are cutting their rates(per news story :) Consider the relatively few BKs' we've seen so far in "The Great Recession." Cheap money is keeping things afloat, but how long can it last? The plan is to keep rates low until the patient can breathe on its own again. The surplus of residential and commercial RE in relation to affordability and demand was and will be out of kilter for a loooooong time. Too many homes were built for flippers, not homeowners. Remember that 10:1 ratio of retail space for the US? Who's going to support all those scented water and shoe boutiques as our standard of living seeks parity with other nations?

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