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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (8052)	10/14/2000 2:06:20 PM
From: Boplicity	Respond to of 65232

Thanks Scott, Greg

To: Mannie who wrote (8052)	10/14/2000 10:08:37 PM
From: freeus	Respond to of 65232

Real Estate can turn on you just like stocks: we bought an 8 unit apartment in 1991 and prices just plummeted over the next two years and due to a tenant's serious misbehavior as well as the rental market collapse we lost it. Also a rental house we had cost 135,000, during the "collapse" the same houses on that development sold for 125000! Down instead of up. Part of the problem were V.A. loans, guys just walked away from the house because they had no money down in it. Anyway the rental house is still in our ownership and it's gone up to 190,000 or 195,000: we want to sell it by next June and are wondering if we should start advertising right away in case prices go back the other way, though I don't see that happening YET in San Diego. Freeus San Diego usually goes both up and down a little later than other areas.