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: Ramsey Su who wrote (314)	8/28/2001 7:05:39 AM
From: marginmike	Read Replies (1) of 306849

Ramsey, I believe that the downturn in RE is a when not on If, and even if your hanging on scenario is correct it would still be foolish to start investement in this enviroment. In the early 90's I made my first fortune buying properties from the FDIC and Citicorp. Do I think things get that bad again, no. However I do believe that the cycle is at the top and if you want to time the market youll have to wait till it really cracks, which could take 1-3 years. I have already put together a Hedge fund to buy distressed properties, and its sitting on a shelf for when the market does break. my guess isthe cracks will be more apparent by winter, but people will hang on as long as they can.

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