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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (314)	8/24/2001 9:30:05 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 306849

Ramsey, people are building lots of houses. Unemployment isn't up significantly. It was so low and so tight this time last year than it's not surprising it hasn't jumped a lot after a slight poverty effect for Nasdaq shareholders. By the way, I was impressed about the longgggg rant and the cool post! I guess you have made me redundant. Mqurice

To: Ramsey Su who wrote (314)	8/27/2001 7:01:19 PM
From: David Jones	Read Replies (1) \| Respond to of 306849

"First of all, forget that BS about location location location. The key to real estate is timing timing timing, then may be location. Unlike the stock market, timing real estate is easy. Buy when sellers are crying then sell when buyers are lined 10 deep the second you put up a for sale sign..." I don't agree. Location is prime and timing is difficult for existing property. By your simple rule now would be a time to buy sense listings are plentiful. Would you by now? Are you buying now? Quality property in a marketable price will weather the down turns. Undeveloped and high dollar properties will languish. regards; dave

To: Ramsey Su who wrote (314)	8/28/2001 7:05:39 AM
From: marginmike	Read Replies (1) \| Respond to of 306849

Ramsey, I believe that the downturn in RE is a when not on If, and even if your hanging on scenario is correct it would still be foolish to start investement in this enviroment. In the early 90's I made my first fortune buying properties from the FDIC and Citicorp. Do I think things get that bad again, no. However I do believe that the cycle is at the top and if you want to time the market youll have to wait till it really cracks, which could take 1-3 years. I have already put together a Hedge fund to buy distressed properties, and its sitting on a shelf for when the market does break. my guess isthe cracks will be more apparent by winter, but people will hang on as long as they can.