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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: John Vosilla who wrote (1782)7/1/2013 2:42:01 PM
From: tejek  Read Replies (1) of 2722
 
I know. I live in FL the home of entire neighborhoods being upside down with negative equity the past six years with most everybody bailing a good 3-5 years ago. So many hoods of $25-50k homes that were $150-200k in 2006 abandoned and in need of lots of work. Oddly only the investors can buy these as the properties are not financeable through traditional means yet.

I can also see the side of high priced markets that didn't fall nearly as much percentage wise but many more folks stuck with it, are still upside down and have nothing to show for nearly a decade of making very high PITI payments on their homes.

And FL is not a small state.......lots of surplus houses and those better off who are still holding under water. Ditto for NV, AZ and the Inland Empire and other parts of CA.

I think we are too close to the bottom.........still.......to change anything.
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