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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: John Vosilla who wrote (537)4/30/2012 6:48:18 PM
From: tejek  Read Replies (1) of 2722
 
You sure would have to be very selective cause I don't think most areas there are turning anytime soon.

You always have to be selective. I would never have gone into South Central LA but I thought Hollywood might be winner

Plus you don't have the same demographics and economic drivers you did in LA.

The economic drivers were not that good in LA at the time but yeah, they probably were better than Detroit's are now.....mainly because Detroit is still to dependent on the auto industry.

However, I have to say that you are more bullish on LA than I am.

I am sure there going to be selective opportunities in most all metro areas in this country due to the housing crash these days Probably Seattle and Boston among the hardest.

I am not sure how good the opportunities will be in Seattle. If I had to choose between Seattle and Detroit, I probably would pick Detroit............mainly because I think there is more upside.
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