The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Pogeu Mahone who wrote (79721)	3/5/2007 1:08:55 PM
From: John Vosilla	Read Replies (1) of 110194

'ie 20cents on the dollar, what do you want to buy,gold or real estate? I am buying real estate, just like 1991.' Not happening yet in FL. At some of the most distressed auctions I follow still going 60-80 cents on the dollar. Basically retail value from early 2004 at best so far.. The reason I suspect is way too many fat rich real estate investors liquidated a ton of stuff at the top plus many others with open HELOC's looking to place money. We are just in the early innings. I suspect another 6-12 months before we really see the incredible deals as supply overwhelms demand just like in the distressed markets in the rust belt..

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