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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: GraceZ who wrote (24584)10/17/2004 7:04:23 PM
From: JillRead Replies (1) of 306849
 
No, not the pic, the posting of it. Too self-referential an act. However, the pic was kind of cute, I could imagine a husband hypnotized under proper circumstances.

My idea mainly, in regard to real estate now, is to wait for foreclosures in about a year or two from those on ARMs and overextended, during a recession, and with somewhat higher interest rates (tho I doubt they'll go zooming). Let's say those ARMs go from 4% to 7.5 or 8% in 2 years...not so unlikely a scenario...and there are people who had good intentions to refinance but just didn't get around to it...too busy...having too good a time, whatever...A friend of mine and I were talking yesterday, a brokerage company he knows is leasing twice as much commercial space in anticipation of the foreclosures coming...that's the word in the biz.

But what do I know. I really don't, in regards to real estate. Others on here are experts and do it for a living.
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