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: Dale Baker who wrote (35631)	7/19/2005 11:04:14 AM
From: epicure	Read Replies (1) of 306849

What worries me is the number of people speculating in RE with strange loan instruments. We know some folks with very little experience investing who have purchased an investment town home in another state. Their loan instrument is interest only, and they really don't have the financial cushion to sustain them if their property should go vacant. In a down turn I think they would be forced to sell, and they'd probably lose money. They only bought recently, unfortunately, so their price will probably be close to a high.

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