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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (69374)12/26/2006 10:15:59 AM
From: Jim McMannisRead Replies (4) of 306849
 
RE:" doubt we hear about big profits made flipping preconstruction condos again in our lifetimes."

Maybe even Real Estate will never make a good "sure" long term investment in our lifetimes, either. Maybe there will be a good flip here and there but it will be rare.
As much as I hate to harp on it... if SOB's Clinton, his Congress and Greenspan hadn't promoted it, we wouldn't be in this position. Florida and other areas might have not been environmentally, culturally and economically terrorized so quickly.
Now we are left with even a bigger gap between the haves and have nots, the old and the young and so on with a very painful adjustment to come. And for years to come.
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