President Barack Obama Message Board

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Politics : President Barack Obama

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To: RetiredNow who wrote (132797)	4/6/2013 12:59:16 PM
From: John Vosilla	Read Replies (1) of 149317

What get's you nervous the most? WS involved in single family homes, too many higher end homes for rent flooding the markets or the shadow inventory yet to be absorbed? I changed focus dramatically from 2-3 years ago and went back to old school buy and hold going lower end where the numbers work great and the WS thugs don't compete yet... As to savy investors being connected to the shady tactics by the lending industry during the bubble many like your dad and I knew it was a scam. Most others kind of knew but were so blinded by the boom and phoney prosperity in essence lived in their own little bubble gushing with green in 2005-06. Few if any knew how leveraged the entities were that held the paper though. Going to Houston and Atlanta in 2005 for the first time on separate trips, where there was a real economy plus no bubble at least with regard to home prices, really opened my eyes to what lied ahead in extreme bubble markets so tied to housing like Florida and Arizona.

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