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Strategies & Market Trends : 50% Gains Investing

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To: damainman who wrote (85266)	12/22/2009 10:46:28 AM
From: John Vosilla	Read Replies (2) of 118717

In my world the weak hands should all be out within another two years. It is much worse in communities built or converted during the bubble where everybody in the community bought at very high prices with exotic no down loans. In one community I bought a nice 4 bedroom two story house for $70k thinking it was worth perhaps $120k after repairs. Well the market had tightened up quite a bit and put it on the market 10 days ago at $139k had 40 showings and multiple offers within days..

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