Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Mark Adams who wrote (90908)	4/6/2001 12:14:35 PM
From: patron_anejo_por_favor	Read Replies (2) of 436258

<<A good reason to have some cash on hand to help those trying to exit?>> Yes, absolutely. <<Those homes that are returned to the market will probably not be the ones you or I would want to own though, unless the downturn is much more severe than I anticipate.>> Maybe, but this is where the stock market collapse may be a factor. LLCF and I live in the same metro area, and as he's noted, lots of million dollar plus homes have suddenly appeared on the market in the last 4 weeks or so. If we get some decent mark downs there, I might start to get interested...but it'll take some time (3-6 months) before the sellers get desparate enough.

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