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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (49937)3/10/2006 12:29:05 PM
From: John VosillaRead Replies (1) of 306849
 
I can't fathom buying property in Florida unless we get a real debt cleansing and I can start buying property at way below the current market value for flips again. Many markets outside of our bubble markets constantly talked about seem way more interesting for longer term holds. No way I'd buy anything above a GRM of 9-10. In Texas the figure is 8-9 cause of higher RE tax rates..

You can buy 3k sf McManions in some markets for the price of a junk lot in the ghetto in bubble markets. Not much different from mispricing of dotbombs, JDS Uniphase and Crossroads in March 2000 versus the likes of Auto Zone, Petsmart, Phillip Morris, Countrywide and Pulte Homes<g>
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