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: MulhollandDrive who wrote (6281)	10/26/2002 11:54:54 PM
From: Michael Sphar	Read Replies (2) of 306849

Actually, I lost my job in 1990 and never took another one. Realizing that age bias is a fact of life, I decided to avoid the single source of income weakness for the remainder of my working life. Was without income for 3 or 4 months. Started contracting, using the skills and experience I had gained in the prior 15 years. That strategy has worked never been without multiple sources of income since. 2.5 years into this bust and I still have at least two active sources of contract income and plenty of time to go out and recruit more business if I wanted to work any harder. I'm only billing a max of 6 hours a day on average. This is the biggest bust for this valley in 27 years. I see it mainly in residential rentals. Lots of apartment availability. We have a rental condo that has been very unproductive for about 14 months. New tenant moves in next week. Rate is lower than what we were asking 12 months ago, but higher than prior long term tenant. We have another unit that depends indirectly on the Japanese economy. Anybody what to rent a 3 bedroom condo in Guam?<g>

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