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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: John Vosilla who wrote (243722)4/11/2010 2:52:32 PM
From: SouthFloridaGuyRead Replies (1) of 306849
 
That prediction was generally correct, but it wasn't easy. I picked up properties in Texas, Louisiana area after Katrina. Those areas have done very well compared to the rest of the country, but not great. Houston and New Orleans are doing pretty well right now so maybe I'm doing better than I think. The assets cash flow and I don't pay attention to price like the bloggers do.

At the end of the day, I own property which is conservatively at the same value it was in 2007. I think that's saying a lot compared to many friends who bought overvalued, overbuilt commercial property in CA, NY, FL, etc. I don't feel bad for them. Wealth is a privilege not a right.
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