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Strategies & Market Trends : The coming US dollar crisis
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To: GST who wrote (27607)3/23/2010 4:33:11 PM
From: Real Man  Read Replies (1) of 71477
 
Yes, but one exception.

A distressed house is cheap if it is 50% below current prices,
not peak prices. I've seen a few of these in 2008, and these
were the properties that were predictably gone in a nanosecond.
I don't see them now, but I expect to see them again, as
there is a pipeline of distressed properties.
Of course, these properties are not showcase and must be
inspected.

Yes, you can make a bundle in equity virtually instantly, and
unfortunately the pipeline that is holding distressed properties
off the market is about to burst.

As for housing in general, much will depend on employment.
Probably, a lot more at this stage will depend on that than
on ARM resets.
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