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: John Vosilla who wrote (106164)	2/22/2008 11:30:51 AM
From: Lizzie Tudor	Read Replies (1) of 306849

thanks!!! I am very glad to hear you coming around about when to buy. I have only lived through one major RE decline here, in the early 90s (and it was much worse than elsewhere in the country). What I remember, then is that even though the decline was really 90-94, the huge bargains came about 1/3 into the bust. Not at the end. But the statistics didn't really show that. By 2010 a lot of these bank owned properties will be back in the system. If you really want a deep deep discount you have to buy an REO- very seldom is an individual that distressed- and those REOs are now this year and early next. After that, its over.

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