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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: MoneyPenny who wrote (1971)11/10/2013 1:37:15 AM
From: John Vosilla   of 2722
 
This was a clear indication of high end reaching its max

I keep looking for the signs this time. I believe as a state most areas pricing is now at late 2003 to early 2004 levels. Some higher end tied to wall street and international money have ramped up somewhat higher to very bubble like levels summer/ fall 2004.. Even Cape Coral already 60%+ off the bottom from what I see. Others like where I am looking don't have the WS and outside investor intensity still stuck at pre 9/11 prices though when all the distressed bank owned gets cleared out will quickly vault to 2004 levels again IMHO.

Not sure what can stop this trend besides much higher rates since leverage in the system is lower than it's been in near 15 years.. On a national level is a big mistake if the fed doesn't start tightening soon. Little of this trickles down to J6P and by the time he has the credit and down payment to buy prices will be way too high and they'll be overbuilding again just compounds the problem.. Just don' want to replicate 2004-08 again.. Would almost be better to have a mild recession if need be all IMHO
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