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: Pogeu Mahone who wrote (36073)	7/22/2005 10:49:20 PM
From: John Vosilla	Read Replies (2) of 306849

Yes, people all have to live somewhere. Buy real estate at a good price in the sweet spot of the market that most workers in the area can afford, generate great cash flow, get modest appreciation and pay down your debt. Only problem is today few Americans are doing that. For one in bubble markets it is impossible and thus has turned into 'Daytrading 102 - The second coming of the dotbomb economy'. Those that do try it today will get wiped out as all are tied into these IO and option ARM's to make the deals at 2% cap rates work. Go to flyover country and most are too negative on their markets. Actually several investors from Ohio have been riding the South Florida momentum train in what has turned into a gold rush doomed for failure.

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