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: Skeeter Bug who wrote (271812)	9/2/2010 1:03:14 AM
From: John Vosilla	Read Replies (3) of 306849

'but i am keeping up on economic information... which you obviously are not. again, you timing was impeccable - shilling for real estate as the worst data in half a century was released in the context of the lowest interest rates in that time frame.' Come on can't you come up with something better? I see another fine day today for perma bears..you must have a bunch of friends that recommend your anti John RE rants here that have no clue either of my background and have no true understanding of RE either it seems...I don't want RE values to go up unless supported by higher cash flows and incomes nor any repeat of the bubble years and I buy with significant equity going into deals.. I am not doing long term rentals yet because the economy sucks, the tenant pool is horrendous, I like my freedom and have plenty of opportunities enjoying the chase That might change down the road as I tire of the chase and want stability and let the equity grow passively... Fact of the matter is RE is very local and very inefficient the opportunities are endless in bad times..meanwhile in very good times we have to just cash em all wait on the sidelines and watch the dumb new age data sluts talk about how great negative cash flowing overprice RE with those 30% annual appreciation stats extrapolated for the next decade is the best thing going.. Most anyone can control a house to live in in my world these days and have monthly payments for much less than rent with an amortizing fixed rate mortgage and pay it off in 15 years. Never seen that before in my adult life other than a few years around 1993 when both values and interest rates were at rock bottom. It is a great time for folks to get in the game and find value and built equity the slow old fashioned way I see Time magazine just called the end for housing as an investment in even the place you live in..yes you are on the same side with the sheep..like 95%+ of people now think housing to live in is a bad investment when an even greater number thought the exact opposite five years ago...lol I feel like Michael Jordan talking to some hot shot members of the local high school JV team who think they really understand hoops when on this board these days...lol Hey I am with you one thing these days places like NYC, DC. Boston, coastal CA and Seattle RE prices still too high so should have another leg down. Time to load the boat with SRS...much safer 'bet' just like betting against the stock market in 1992-94 when RE prices in some areas were still falling cause of high foreclosures and unemployment. All in the data my friend...

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