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: Jim McMannis who wrote (212277)	7/24/2009 3:27:07 PM
From: John Vosilla	Read Replies (3) of 306849

I don't know who is hurting more today....the real estate investor who loaded up during the bubble or the permabear eternal doom and gloomer casino player? Not much I can or want to say but it is a said day for 'capitalism' that the few big winners so far from all this seem to be those now deadbeats with no skin in the game on their zero down cash out option ARM took the equity and now living for free in their McMansion up to 2+ years as many foreclosure filings sit in limbo with asset managers and (or) lawyers dropping the ball.. Are you out there really looking at deals in our fair state? I see PSL lots now selling under 10k for those without utilities but should go much lower given land residual value to a builder is now a big fat ZERO. The playing field is so different with most investors disillusioned and tapped out, tons of distressed unkept property and the free flow of information now available via the internet so it is not possible to compare it to the mania of 4-5 years ago, the normal times a decade ago or even the RTC days..Will be happy hunting for years to come it seems..

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