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Non-Tech : Investing in Real Estate - Creative Opportunities

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To: John Vosilla who wrote (1813)7/12/2013 7:13:13 PM
From: tejek  Read Replies (1) of 2722
 
Total U.S. foreclosure filings -- which also include notices of default and bank seizures -- fell 35 percent in the month to 127,790, the fewest since December 2006, according to RealtyTrac.

Too much money out there chasing value and yield where property still a bargain based on every measure I know of.. In high priced markets the shadow inventory was small and hasn't been a story for years with the well off always in the hunt for premium locations. The majority opinion in 2009 was housing prices wouldn't rise again for a very long time but also keep falling at least for the rest of this DECADE!!!!!. Boy were the 'smart guys' so wrong.

Kind of amazing the majority opinion in 2006 was housing prices would continue to rise for years to come.. In 2011 most thought gold (the latest scam) would go to 5k. In 2000 everyone thought dotcoms values based on growth in eyeballs was justified. How many times can the sheep be fleeced before they say 'no mas'?


It seems the 'experts' extrapolate the current trends forward into the future without considering other possibilities.
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