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: Robin Plunder who wrote (90318)	1/10/2008 11:25:19 AM
From: John Vosilla	Read Replies (1) of 110194

Historically prices have hit close to bottom within three years of the down move.. Happened in the oil patch, NY and LA houses and FL condos in the last downturn. If you buy a decent percentage below market at that point (15-20%) you are very safe as you are in way below everyone else this decade, way below what it would cost to build brand new and probably somewhat less than what equivalent rent would be.. It won't happen in every neighborhood in your target market area but will be much worse in the most overbuilt, speculative subdivisions with few end users living there now. It just a matter of what is most important to you..

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