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: SouthFloridaGuy who wrote (224873)	10/15/2009 10:01:10 AM
From: John Vosilla	Read Replies (2) of 306849

'The land is being assessed at a negative value, which implies greater than 100% falls in the value of land since the bubble burst. Not a bad inflation hedge if that's what the end game really is' Especially with low fixed rate financing. Still I don't think RE is going to start appreciating for a few more years. Lots of jobs still being lost and upside down homeowners needing to be cleansed out. And I really doubt there will be any new boom in new home construction for 7+ years but that helps tighten supply dramatically when we look out 4-5 years from now. We bottomed out down here at way below replacement cost earlier in the year.... some areas down 60%+. Building lots have little value in hardest hit areas.

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